Marvell Technology reported record net revenue for its first quarter of fiscal 2007 of $521.2 million, an increase of 42.9% over net revenue of $364.8 million for the first quarter of fiscal 2006 and a 6.6% sequential increase from net revenue of $489.0 million for the fourth quarter of fiscal 2006. Net income (GAAP) was $75.3 million, or $0.23 per share (diluted), for the first quarter of fiscal 2007, compared with a net income under GAAP of $63.5 million, or $0.20 per share (diluted), for the first quarter of fiscal 2006.
Revenue for the first quarter was a record for Marvell and represented the 34th consecutive quarter for sequential revenue growth.
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