Marvell Company for the year doubled net profit

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POSTER: computer news   ||   MARVELL COMPANY FOR THE YEAR DOUBLED NET PROFIT	DATE:2014-02-23
Marvell Technology company reported on the outcome of the fourth quarter  2014, which ended on first day of February 2014.  Revenue and net profit exceeded analysts' expectations.  Annual growth in quarterly revenue was 20%, which resulted in the receipt of $ 931.7 million in net quarterly profit increased by 112% - to $ 106.6 million According to Marvell, success came in the wake of interest to the network controller and device storage, including SSD. For the full fiscal 2014 as a whole the company had revenues of $ 3.4 billion According to this index was an increase of 7%.  Net income for the same period increased marginally from $ 307 million the previous year to $ 325 million.    In the first quarter of fiscal 2015 the company expects revenue decline to $ 870-910 million at this time traditionally sluggish demand for semiconductors, but Marvell hope the growing interest in LTE-platforms. Related Products :

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