Marvell Technology Group Ltd. ‘s second quarter fiscal 2019 non-GAAP per-share earnings came in at 28 cents, which is -6.7% lower from the year-ago period. Excluding the semiconductor manufacturing company’s acquisition of Cavium, earnings were 35 cents per share – an increase from the year ago period.
Marvell’s revenues rose +9.9% year over year to $665 million, on the back of strong growth in networking and storage business. Looking ahead, the company expects its third-quarter fiscal 2019 revenues to be in the range of $825-$865 million, and projects Cavium’s businesses to contribute $210 million to revenues.