Credo Technology Group Holding (CRDO) Tops Q2 EPS by 2c, Offers Guidance

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Credo Reports Second Quarter of Fiscal Year 2025 Financial Results

December 2, 2024 4:05 PM EST

SAN JOSE, Calif., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Nasdaq: CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase through the data infrastructure market, today reported financial results for the second quarter of fiscal year 2025, ended November 2, 2024.

Second Quarter of Fiscal Year 2025 Financial Highlights

Revenue of $72.0 million, grew by 20.6% quarter over quarter and 63.6% year over yearGAAP gross margin of 63.2% and non-GAAP gross margin... More