Marvell Technology Group Ltd. (NASDAQ:MRVL) posted financial report for the fourth fiscal quarter closed February 3, 2018. Revenue for Q4 2018 came at $615 million, which surpassed the midpoint of the firm’s projection issued on November 28, 2017. GAAP net income for Q4 2018 was $49 million while Non-GAAP net income was $165 million. Cash flow from operations for Q4 2018 stood at $120 million.
The buzz
Matt Murphy, the CEO and President of Marvell Technology, expressed that their strong fourth quarter results continue to showcase that company’s strategy is working and that their team is executing it extremely well. They are making remarkable progress in the transformation of company, and he look forward to the imminent year. Marvell is a pioneer in networking, storage and connectivity semiconductor offerings.
More recently, the company reported the release of the 88X7120, which is the latest solution in its Alaska® C portfolio of high-speed Ethernet physical layer transceivers. This offering is intended to improve performance and bandwidth in the data center. This new transceiver is purpose-designed to address the evolution in hyperscale data centers to 50GbE, 200GbE and 400GbE from 25GbE and 100GbE as new applications such as machine learning and artificial intelligence continue to lead exponential processing and input output bandwidth demands.
The 88X7120 resolves this I/O speed shift in hyperscale data centers with assistance of 4 ports of 200GbE, 2 ports of 400GbE and 16 ports of 50GbE, using 50G PAM4 signaling. Marvell offers a wide variety of offerings for data center applications and physical layers are a major element in company’s strategy, as they are the base of high-speed data center linkages. The new transceivers bring to the company portfolio of switches and other distinct products intended at the data center industry, including scaling interconnect speeds to equal the I/O throughput requirements in a power-efficient and cost-effective manner.
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