Marvel Technology (MRVL, Financial), is a company with a diversified product portfolio that has been slowly but steadily establishing global footprints and is also eyeballed by investors as a company that will be able to provide good future return. Marvel Technologies has been known for its innovations and has also been awarded as top 100 global innovators of 2014. The rich product portfolio accompanied with its innovations has leveraged the company to attain constant growth in revenue.
Growth Oriented Quarter
Marvel Technologies recently declared its second quarter results for the current fiscal year and the revenue was between $940.0–$980.0 million, growing 19% from last year. On the sequential quarter, revenue was flat to records at a gain of $4.0 million from the last quarter that posted consolidated revenue of $958 million.
Non-GAAP net income increased by 53% from last year, to records $181 million ($0.34 per diluted share), compared to non-GAAP net income of $118 million ($0.23per diluted share) in the same term last year. It also increased by 25% sequentially as compared to the first quarter of fiscal 2015 that reported non-GAAP net income of $144 million ($0.27 per share diluted)
Journey Ahead
The company stays focused on the 4G Network. These new enhanced services and technology can further boost the performance of the company in the future and provide growth. Marvel Technologies is also planning to increase its global footprints by targeting the raw market in the under developing countries and attain more customers from these areas.
The company also anticipates of hitting a billion dollar (USD) quarter in the third quarter of 2015, as the revenue is expected to be in the range of $960 million to $1 billion.Â
Paybacks
The company is also safeguarding its investors by regularly declaring quarterly dividends. In the second quarter, Marvel Technologies declared a quarterly dividend of $0.06 per share. The company paid total dividend of $34 million current quarter. The company also plans to pay quarterly dividend of $0.06 in the third quarter of the current fiscal.
Â
