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General

Marvell returns to net profit in Q1

Monday 29 May 2017 | 08:40 CET | News
Marvell Technology returned to an annual net profit of USD 106.62 million, or USD 0.21 a share, in the first quarter of its 2018 fiscal year, compared to a net loss of USD 22.68 million, or USD 0.04 a share a year earlier. Revenues came in at USD 579 million, exceeding the midpoint of the company's March guidance, up 12 percent on the USD 519.38 million posted the previous year, driven by long-term growth trends in the amount of fixed and mobile data being created, stored and transmitted.

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Categories: General
Companies: Marvell Technology
Countries: World
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