(Boursier.com) — Marvell Technologies, the American designer of ‘chips’, announced for its first fiscal quarter 2023 revenues of 1.447 billion dollars, a sharp increase of 74% year-on-year, for a gross margin of 51.9% and an adjusted margin of 65 .5%. GAAP loss per share was 20 cents, while adjusted EPS was positive at 52 cents. For its second quarter, the group anticipates revenues of 1.515 billion dollars, plus or minus 3%, as well as an adjusted EPS of 56 cents, plus or minus 3 cents. The title, already in sharp rebound last night, appreciated a little more after the stock market. Profits and revenues have indeed exceeded expectations in the first quarter.
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