Marvell Technology Group Ltd. (NASDAQ:MRVL), a fabless semiconductor
company in the disk drive storage technology and consumer markets, reported revenue of $390.5 million for its second quarter
ended July 30, 2005. That number is up 31.4 percent from the company’s same quarter last year, recorded as $297.2 million.
Sequentially, revenue was also up 7 percent from $364.8 million for the company’s last quarter, its first quarter of
its fiscal 2006 year.
The company also reported on its revenue for its latest six month
period, which was $755.2 million compared to $566.7 million for the same period last year.
Dr. Sehat Sutardja, Marvell's CEO at Marvell indicated that
the company was seeing strong growth in the Enterprise and Consumer markets, "Q2 was another very successful quarter for Marvell.Our
consistently strong financial performance is a result of the hard work and dedication of our employees, the strong positioning
of our world class technologies and the support of our customers and partners. We currently enjoy strong growth and momentum
from both the Enterprise and Consumer markets and are focused on the continued solid execution of our business strategies."
With
the announcement the company reported that the current quarter was its 31st quarter of sequential revenue growth. With that
consistent revenue growth, the company also reported its highest level of cash, cash equivalents and short term investments,
$847.1 million.
Among the company’s achievements announced for the quarter
included a new 90 nanometer based Wireless LAN single chip solution, called the 88W8686. That solution, considered one of
the smallest, has a footprint less than 50 square millimeters.
Along with the financial report Marvell also introduced a family
of chips for the VoIP market. These include chips for VoIP gateways and Voice over WLAN (VoWLAN)handsets and low cost enterprise
phones. According to Kishore Manghnani General Manager, Broadband Home Business Unit Communications and Consumer Business
Group at Marvell, "The Marvell mission is to enable innovative products at consumer price points. Not only is this family
of VoWLAN products so highly integrated that it will create a new class of applications for consumer, home use -- it allows
the Company to take advantage of the explosion in broadband voice services that is about to occur."
