March 5, 2025 - 22:51
Networking chip designer Marvell Technology has reported impressive financial results for the fourth quarter of the fiscal year 2024, revealing a 27.4% increase in revenue year-on-year, totaling $1.82 billion. This performance surpassed market expectations, showcasing the company’s resilience in a competitive industry.
Looking ahead, Marvell anticipates revenue for the upcoming quarter to reach approximately $1.88 billion, aligning closely with analysts' projections. This forward guidance reflects a steady outlook for the company as it continues to navigate the evolving landscape of technology and networking solutions.
Additionally, the company reported a non-GAAP profit of $0.60 per share, matching the consensus estimates set by analysts. Despite these positive financial indicators, Marvell's stock experienced a notable decline of 13.3% following the announcement. Investors appear to be reacting to broader market trends or concerns beyond the company's strong quarterly performance.
August 13, 2025 - 00:35
AI Startup Makes Bold Move to Acquire Google ChromeIn a surprising turn of events, an AI startup has made an unsolicited bid to acquire Google Chrome, marking its second significant offer this year for a major tech asset. Earlier in January, the...
August 12, 2025 - 11:40
James Kenigsberg Takes on Role of Interim Chief Innovation and Technology OfficerAmerican Public Education, Inc. has appointed James Kenigsberg as its interim Chief Innovation and Technology Officer, marking a significant shift in its leadership structure. Kenigsberg brings a...
August 11, 2025 - 19:27
Teachers Find New Inspiration in Science and Technology at ERDCVICKSBURG, Miss. — At six of the U.S. Army Engineer Research and Development Center’s (ERDC) seven laboratories, 18 teachers are returning to their classrooms with a renewed passion for science...
August 11, 2025 - 02:17
Enhanced Military Communication Through SpaceX’s StarshieldU.S. Army Reserve Soldiers from the 324th Expeditionary Signal Battalion (ESB), Bravo Company, have begun utilizing SpaceX’s advanced laser-operated Starshield communications system. This...