Sunday, March 17, 2013

Marvell income for the year was 3.17 billion dollars


While still on the calendar in February, the company Marvell, recently presented SoC Marvell PXA1088 a quad CPU, supports global roaming on 3G, already completed 2013 fiscal year. More precisely, he has completed two numbers, and this week one of the major players in the mobile processor released a report for the fourth quarter of fiscal year 2013 and the year as a whole.
For the quarter the company Marvell managed to get 775 million dollars in revenue for the year as a whole - 3.17 billion dollars.
The profit for the period amounted to 50, and $ 307 million, respectively, and were not counted in the method GAAP - 104 and 498 million dollars respectively.
Index quarterly revenue decreased compared to the previous quarter by 1% to 4% - compared to the fourth quarter of the year.
Revenue for the year as a whole declined from the 2012 tax year, when it amounted to 3.39 billion dollars, by 7%.
The manufacturer is critical of its activities in the past year, explaining the reduction in income decrease in demand for controllers used in hard disks.
In Marvell believe that in the current quarter revenue will reach 700-740 million, while operating expenses were 360 ​​± 10 million.
For the year as a whole producer is optimistic, noting its presence in the growth markets of controllers for HDD, SSD and hybrid drives, as well as relying on the basic elements of network equipment and mobile devices.
Source: Marvell

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