Marvell Technology Group Ltd. Reports First Quarter of Fiscal 2016 Financial Results

 

Marvell Technology Group Ltd.

Reconciliations from GAAP to Non-GAAP Outlook

(Unaudited)

(In millions, except per share amounts)















Second Quarter 


Note : Amounts represent the midpoint of the expected range

Fiscal 2016










GAAP gross margin

49.5%



Share-based compensation, acquisition related costs, and other

0.5%


Non-GAAP gross margin

50.0%








Second Quarter 




Fiscal 2016






GAAP operating expenses

$                 350



Share-based compensation, acquisition-related costs, restructuring,




amortization of intangible assets and other

(45)


Non-GAAP operating expenses

$                 305








Second Quarter 




Fiscal 2016






GAAP diluted earnings per share

$                0.02



Share-based compensation, acquisition-related costs, restructuring,




amortization of intangible assets and other

0.09


Non-GAAP diluted earnings per share

$                0.11


 

For further information, contact:

John Spencer Ahn

Sue Kim

Investor Relations 

Media Relations

408-222-7544

408-222-1942

johnahn@marvell.com

suekim@marvell.com







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To view the original version on PR Newswire, visit: http://www.prnewswire.com/news-releases/marvell-technology-group-ltd-reports-first-quarter-of-fiscal-2016-financial-results-300087550.html

SOURCE Marvell Technology Group Ltd.

Contact:
Marvell Technology Group Ltd.
Web: http://www.Marvell.com



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