Leading analog semiconductor manufacturer Avago Technologies Limited (AVGO – Analyst Report) recorded strong fourth-quarter fiscal 2014 results (ended Nov 2, 2014) with substantial year-over-year improvements in revenue and recurring earnings on the back of accretive LSI Corporation and PLX technology Inc. acquisitions. This is the first full quarter in which Avago and PLX operated as a combined entity after the $309 million acquisition successfully closed in August this year. Avago completed the acquisition of LSI in May 2014 and this is the second quarter in which its earnings are included in the former's results.

Net income (GAAP) for the reported quarter was $135 million or 50 cents per share compared with $172 million or 68 cents per share in the year-earlier quarter. The significant year-over-year improvement was primarily attributable to robust top-line growth.