Marvell Technology Q2 revenue $605 millionStaff Writer |
Marvell Technology GAAP net income was $0.26 per share
Marvell Technology Group reported financial results for the second fiscal quarter of fiscal year 2018.
GAAP net income from continuing operations for the second quarter of fiscal 2018 was $135 million, or $0.26 per share.
Non-GAAP net income from continuing operations for the second quarter of fiscal 2018 was $153 million, or $0.30 per diluted share.
Cash flow from operations for the second quarter was $101 million.
"I am pleased to report that our second quarter results demonstrated Marvell's continued transformation as a company, achieving revenue above the midpoint of our guidance, improved profitability and continued return of capital to shareholders," said Matt Murphy, Marvell's president and CEO.
"I'm proud of our team - in a competitive environment, we are delivering innovative solutions that our customers clearly value." ■
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