The semiconductor company reported revenue for the most recent quarter increased 30% to $958 million, compared to $734 million from the 2014 first quarter.
Marvell said GAAP net income for the 2015 first quarter was $99 million, or 19 cents per diluted share, from $53 million, or 11 cents per diluted share from the same period last year.
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Non GAAP net income was $144 million, or 27 cents per diluted share versus $98 million, or 19 cents per diluted share for the 2014 first quarter.
Separately, TheStreet Ratings team rates MARVELL TECHNOLOGY GROUP LTD as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate MARVELL TECHNOLOGY GROUP LTD (MRVL) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."