MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition.
The information in Item 2.02 of this Current Report, including the accompanying Exhibit 99.1, is being furnished and shall not be deemed “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in Item 2.02 of this Current Report shall not be incorporated by reference into any registration statement or other document filed to the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language contained in such filing.
On August 24, 2017, Marvell Technology Group Ltd. (“Marvell”) issued a press release reporting its financial results for the second quarter of fiscal 2018 ended July 29, 2017. A copy of the press release is furnished herewith as Exhibit99.1 and is incorporated by reference herein.
Marvell will conduct a conference call on Thursday, August 24, 2017 at 1:45 p.m. Pacific Time to discuss results for the second quarter of fiscal 2018. Interested parties may join the conference call by dialing 1-844-647-5488 or 1-615-247-0258, pass-code 57564938. The call will be webcast by Thomson Reuters and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/ with a replay available following the call until September 1, 2017.
Item 9.01Financial Statements and Exhibits.
(d)Exhibits.
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99.1 |
Press Release dated August 24, 2017, titled “Marvell Technology Group Ltd. Reports Second Quarter of Fiscal 2018 Financial Results” |
MARVELL TECHNOLOGY GROUP LTD ExhibitEX-99.1 2 q218_8kx7292017ex-991.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 Marvell Technology Group Ltd. Reports Second Quarter of Fiscal Year 2018 Financial Results •Q2 Revenue: $605 million •Q2 Gross Margin: 60.4% GAAP gross margin; 61.2% non-GAAP gross margin •Q2 Diluted earnings per share: $0.26 GAAP diluted earnings per share from continuing operations; $0.30 non-GAAP diluted earnings per share from continuing operations•Cash and short-term investments: $1.6 billion Santa Clara,…To view the full exhibit click here
About MARVELL TECHNOLOGY GROUP LTD. (NASDAQ:MRVL)
Marvell Technology Group Ltd. is a fabless semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) and System-in-a-Package (SiP) devices. Its product portfolio includes devices for data storage, enterprise-class Ethernet data switching, Ethernet physical-layer transceivers (PHY), wireless connectivity, Internet-of-Things (IoT) devices and multimedia solutions. Its products serve various applications used in carrier, metropolitan, enterprise and personal computer (PC)-client data communications, and storage systems. In addition, the Company serves the consumer electronics market for the convergence of voice, video and data applications. The Company relies on independent, third-party contractors to perform manufacturing, assembly and test functions. The Company offers its products to sectors, including storage, networking, and mobile and wireless.