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BROADCOM Broadcom Inc. Announces First Quarter Fiscal Year 2021 Financial Results and Quarterly Dividends March 4 , 2021 - Revenue of $ 6,655 million for the first quarter , up 14 percent from the prior year period -GAAP net income of $ 1,378 million for the first quarter ; Adjusted EBITDA of $ 3,941 million for the first quarter - GAAP diluted EPS of $ 3.05 for the first quarter ; Non - GAAP diluted EPS of $ 6.61 for the first quarter - $ 2,999 million of free cash flow from operations for the first quarter , defined as cash from operations of $ 3,113 million less capital expenditures of $ 114 million Quarterly common stock dividend of $ 3.60 per share - Second quarter revenue guidance of approximately $ 6.5 billion , an expected increase of 13 percent from the prior year period - Second quarter Adjusted EBITDA guidance of approximately 59 percent of projected revenue 1 SAN JOSE , Calif . , March 4 , 2021 / PRNewswire / -- Broadcom Inc. ( Nasdaq : AVGO ) , a global technology leader that designs , develops and supplies semiconductor and infrastructure software solutions , today reported financial results for its first quarter of fiscal year 2021 , ended January 31 , 2021 , provided guidance for the second quarter of its fiscal year 2021 and announced its quarterly dividends . " We executed well during our first fiscal quarter driving 14 % organic growth year on year , " said Hock Tan , President and CEO of Broadcom Inc. " This growth reflects the critical role our technology franchises play in this environment of accelerated digital transformation . " " This quarter highlights the strength of our financial model with 14 % year over year revenue growth translating to an increase in operating profit of 23 % , " said Kirsten Spears , CFO of Broadcom Inc. " We continue to deliver strong free cash flow , approximately $ 3 billion in the quarter , representing 35 % growth on a year on year basis . " First Quarter Fiscal Year 2021 Financial Highlights GAAP Non - GAAP ( Dollars in millions , except per share data ) , Q1 21 Q1 20 Change Q1 21 Q1 20 Change Net revenue Net income $ 6,655 $ 5,858 + 14 % $ 6,655 $ 5,858 + 14 % $ 1,378 $ 385 + $ 993 $ 2,973 $ 2,370 + $ 603 $ 3.05 $ 0.74 + $ 2.31 $ 6.61 $ 5.25 + $ 1.36 Earnings per common share - diluted ( Dollars in millions ) Cash flow from operations Adjusted EBITDA Free cash flow Net revenue by segment ( Dollars in millions ) Semiconductor solutions Infrastructure software Total net revenue Q1 21 Q1 20 Change $ 3,113 $ 2,322 + $ 791 $ 3,941 $ 3,265 + $ 676 $ 2,999 $ 2,214 + $ 785 Q1 21 Q1 20 Change $ 4,908 74 % $ 4,191 72 % + 17 % 1,747 26 1,667 28 + 5 % $ 6,655 100 % $ 5,858 100 % The Company's cash and cash equivalents at the end of the first fiscal quarter were $ 9,552 million , compared to $ 7,618 million at the end of the prior quarter . During the first fiscal quarter , the Company generated $ 3,113 million in cash from operations and spent $ 114 million on capital expenditures .