Marvell Technology Group Ltd. Reports Second Quarter of Fiscal Year 2018 Financial Results

 

Quarterly Revenue Trend

(In thousands)



Three Months Ended


% Change


July 29, 2017


April 29, 2017


July 30, 2016


YoY


QoQ

Storage (1)

$

311,501



$

303,808



$

275,343



13

%


3

%

Networking (2)

147,250



144,815



156,614



(6)

%


2

%

Connectivity (3)

98,571



76,091



92,689



6

%


30

%

   Total Core

557,322



524,714



524,646



6

%


6

%

Other (4)

47,428



47,995



72,700



(35)

%


(1)

%

Total Revenue (5)

$

604,750



$

572,709



$

597,346



1

%


6

%

 


Three Months Ended

% of Total

July 29, 2017


April 29, 2017


July 30, 2016

Storage (1)

52

%


53

%


46

%

Networking (2)

24

%


25

%


26

%

Connectivity (3)

16

%


13

%


16

%

   Total Core

92

%


91

%


88

%

Other (4)

8

%


9

%


12

%

Total Revenue

100

%


100

%


100

%


(1) Storage products are comprised primarily of HDD, SSD Controllers and Enterprise Storage Solutions.


(2) Networking products are comprised primarily of Ethernet Switches, Ethernet Transceivers, Embedded ARM Processors and Automotive Ethernet, as well as a few legacy product lines in which we no longer invest, but will generate revenue for several years.


(3) Connectivity products are comprised primarily of WiFi solutions including WiFi only, WiFi/Bluetooth combos and WiFi Microcontroller combos.


(4) Other products are comprised primarily of Printer Solutions, Application Processors and others.


(5) Excludes the revenue of certain non-strategic businesses that were classified as discontinued operations.


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