Full Year 2024 Results Total revenue was $418.8 million compared to $527.1 million in the prior year. Digital revenue was $224.3 million compared to $258.4 million in the prior year. Nutrition and Other revenue was $187.8 million compared to $249.5 million in the prior year. Connected Fitness revenue was $6.6 million compared to $19.2 million
Backlog: Increased by $48 billion, reaching $130 billion, up 63% year-over-year. Cloud Revenue: Total cloud revenue at SaaS and IaaS was $6.2 billion, up 25%. SaaS Revenue: $3.6 billion, up 10%. IaaS Revenue: $2.7 billion, up 51%. Total Cloud Services and License Support Revenue: $11 billion, up 12%. Infrastructure Subscription Revenues: $6.2 billion, up 18%.
Revenue: Fourth-quarter revenue increased 14.3% sequentially; full-year 2024 revenue increased 30% in USD terms to USD90 billion. Gross Margin: Increased by 1.2 percentage points sequentially to 59% in Q4 2024; full-year 2024 gross margin was 56.1%. Operating Margin: Increased by 1.5 percentage points sequentially to 49% in Q4 2024; full-year 2024 operating margin was 45.7%.
An old joke has a chief executive asking his accountant how much the company earned in the latest quarter. How much did you want it to be? the accountant replies. There’s always a bit of judgment that goes into financial figures. I’m a fan of GAAP earnings profits measured by generally accepted accounting principles. But
Marvell Technology Inc. (NASDAQ:MRVL) has experienced significant volatility in the stock market. Over the past three years, its share price has fluctuated widely, ranging from $36 to $89. Recently, it plunged nearly 11.40% following the announcement of first-quarter guidance that fell short of expectations. Despite this recent drop, I believe Marvell remains significantly overvalued. Growing