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Marvell Technology Q4 revenue $932 million

Staff writer ▼ | February 21, 2014
Marvell Technology Group reported financial results for the fourth fiscal quarter and fiscal year 2014, ended February 1, 2014. Revenue for Q4 was $932 million, essentially flat from $931 million in the third quarter of fiscal 2014, ended November 2, 2013.
Marvell Technology
Marvell TechnologyMarvell Technology Group reported financial results for the fourth fiscal quarter and fiscal year 2014, ended February 1, 2014. Revenue for Q4 was $932 million, essentially flat from $931 million in the third quarter of fiscal 2014, ended November 2, 2013.


This is also a 20 percent increase from revenue of $775 million in the fourth quarter of fiscal 2013, ended February 2, 2013. For the fiscal year ended February 1, 2014, revenue was $3.4 billion, an increase of 7 percent from revenue of $3.17 billion for the fiscal year ended February 2, 2013.

GAAP net income for the fourth quarter of fiscal 2014 was $107 million, or $0.21 per share (diluted), compared with GAAP net income of $103 million, or $0.21 per share (diluted), for the third quarter of fiscal 2014, and $50 million, or $0.09 per share (diluted), for the fourth quarter of fiscal 2013.

For the year ended February 1, 2014, GAAP net income was $325 million, or $0.64 per share (diluted), compared with GAAP net income of $307 million, or $0.54 per share (diluted), for the year ended February 2, 2013.

Non-GAAP net income was $151 million, or $0.29 per share (diluted), for the fourth quarter of fiscal 2014, compared with non-GAAP net income of $163 million, or $0.32 per share (diluted), for the third quarter of fiscal 2014 and $104 million, or $0.19 per share (diluted), for the fourth quarter of fiscal 2013.

For the fiscal year ended February 1, 2014, non-GAAP net income was $530 million, or $1.02 per share (diluted), compared with non-GAAP net income of $498 million, or $0.86 per share (diluted) for the fiscal year ended February 2, 2013.


 

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