Marvell Technology Q2 revenue $605 millionStaff Writer | August 25, 2017
Marvell Technology Group reported financial results for the second fiscal quarter of fiscal year 2018.
Marvell Technology GAAP net income was $0.26 per share
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." ■