Brean Capital Maintains Buy on Marvell Technology (MRVL) Following Q1

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Go back to Brean Capital Maintains Buy on Marvell Technology (MRVL) Following Q1

Marvell Technology Group Ltd. Announces Chief Financial Officer Transition

May 21, 2015 4:10 PM EDT

SANTA CLARA, Calif., May 21, 2015 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a global leader in integrated silicon solutions, today announced that after sixteen years with Marvell, Mike Rashkin has expressed his intention to retire as chief financial officer, a role that he has held since December 2013. Mr. Rashkin served the Company in a variety of senior roles since 1999 and has been a key contributor to the success of the company since its formation. Mr. Rashkin's retirement will be effective May 22,... More

Marvell Technology Group Ltd. Reports First Quarter of Fiscal 2016 Financial Results

May 21, 2015 4:05 PM EDT

SANTA CLARA, Calif., May 21, 2015 /PRNewswire/ -- Marvell Technology Group Ltd. (NASDAQ: MRVL), a global leader in integrated silicon solutions, today reported financial results for the first quarter of fiscal year 2016, ended May 2, 2015.

Key First Quarter of Fiscal 2016 Financial Highlights

Revenue: Q1 FY 2016, $724 Million GAAP Net Income: Q1 FY 2016, $14 Million GAAP Diluted EPS: Q1 FY 2016, $0.03 Non-GAAP Net Income: Q1 FY 2016, $71 Million Non-GAAP Diluted EPS: Q1 FY 2016, $0.13 Free Cash Flow: Q1 FY 2016, $44... More