Wednesday, August 22, 2007

Marvell Posts Q2 Revenue of $656.7 Million

Marvell reported record Q2 revenue of $656.7 million, an increase of 14% over net revenue of $574.0 million for the second quarter of fiscal 2007 and a 3% sequential increase from net revenue of $635.1 million for the first quarter of fiscal 2008. Net loss under generally accepted accounting principles (GAAP) was $56.5 million, or $0.10 per share (diluted), for the second quarter of fiscal 2008, compared with net income under GAAP of $44.9 million, or $0.07 per share (diluted), for the second quarter of fiscal 2007.



"Our Q2 revenue was greater than expected as a result of strong sales for our communications and applications processors, and our wireless LAN products," stated Dr. Sehat Sutardja, Marvell's President and CEO. "We currently believe this growth trend will continue in Q3."http://www.marvell.com/

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