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Marvell beats revenue expectations in Q3

Friday 3 December 2021 | 09:31 CET | News
Marvell mainly beat expectations during its fiscal third quarter, with results driven by all of its operations but especially its data centre business, as well as the acquisition of Innovium, which completed 25 days before the end of the quarter. CEO Matt Murphy expects revenues to again increase strongly in the fourth quarter, up 9 percent on a sequential basis, led by 5G which should rise 30 percent quarter-on-quarter, and data centre, which should continue to grow in the double digits on a percentage basis. 

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Categories: General
Companies: Marvell
Countries: World
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