Marvell Post Record Revenues of $243 Million, a 13% Sequential Rise

Marvell Technology Group posted record quarterly revenue of $243.3 million, representing an increase of 61% over the same period a year earlier and a 13% sequential increase from the preceding quarter. Net income (GAAP) was $19.8 million, or $0.14 per share (diluted). The period was Marvell's 25th consecutive quarter of revenue growth.


Marvell attributed its strong revenue growth largely to the continued adoption of its Gigabit, wireless and storage silicon products.


Additionally, Marvell's Board of Directors has approved a 2 for 1 stock split. http://www.marvell.com