Marvell Posts Quarterly Revenue of $390.5 million, up 31.4% YoY

Marvell Technology reported record net revenue for the second quarter of fiscal 2006 of $390.5 million, an increase of 31.4% over net revenue of $297.2 million for the second quarter of fiscal 2005 and a 7.0% sequential increase from net revenue of $364.8 million for the first quarter of fiscal 2006. Net income (GAAP) was $77.3 million, or $0.25 per share (diluted), for the second quarter of fiscal 2006, compared with a net income under GAAP of $28.6 million, or $0.10 per share (diluted), for the second quarter of fiscal 2005.


"Q2 was another very successful quarter for Marvell," stated Dr. Sehat Sutardja, Marvell's President and CEO. "We currently enjoy strong growth and momentum from both the Enterprise and Consumer markets and are focused on the continued solid execution of our business strategies."


Revenue for the second quarter was a record for Marvell and represented the 31st consecutive quarter for sequential revenue growth.
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