Credo Technology Group Holding (CRDO) Reports In-Line Q1 EPS

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Go back to Credo Technology Group Holding (CRDO) Reports In-Line Q1 EPS

Credo Technology Group Holding Ltd Reports First Quarter of Fiscal Year 2023 Financial Results

August 31, 2022 4:05 PM EDT

SAN JOSE, Calif., Aug. 31, 2022 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (NASDAQ: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today reported financial results for the first quarter of fiscal year 2023, ended July 30, 2022.

Q1 FY23 Financial Highlights

Revenue of $46.5 million, grew by 24% quarter over quarterGAAP gross margin of 59.5% and non-GAAP gross margin of... More