It took Broadcom a little while to plug its latest deal, but late is better than never.
The chip maker used its fiscal third quarter report Thursday afternoon to better explain its rationale for buying CA Technologies. The acquisition—first announced two months ago—signaled Broadcom taking a strategic turn deep into the enterprise software market. The company made little effort at the time to explain the move to investors, though, who reacted predictably harshly. Broadcom’s stock slid 19% in the days following the news and...