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Marvell tops Q4 guidance with 11 percent revenue growth

Thursday 4 March 2021 | 10:06 CET | News
Marvell Technology reported revenues for its fiscal fourth quarter to January up 11 percent year-on-year to USD 797.8 million, at the high end of its guidance. The company said growth was led by its networking business, which grew 22 percent, driven by strong 5G and cloud product ramps. Given the uncertainty surrounding the coronavirus pandemic and continued US restrictions on a key client, the company is giving a wide range for Q1 results. 

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Categories: General
Companies: Marvell Technology
Countries: World
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