Wednesday, May 18, 2005

Marvell Reports Revenue of $365 Million, up 35% YoY

Marvell Technology Group reported quarterly revenue of $364.8 million, an increase of 35% the same period last year and a 7% sequential increase from the preceding quarter. Net income (GAAP) was $63.5 million, or $0.20 per share (diluted), compared with net income of $14.5 million, or $0.05 per share, a year earlier.

The period represented the 30th consecutive quarter of sequential revenue growth for Marvell.

See also