Credo Technology Group Holding Ltd. Provides Earnings Guidance for the Second Quarter and Full Year of 2023
August 01, 2022 at 01:35 am IST
Share
Credo Technology Group Holding Ltd. provided earnings guidance for the second quarter and full year of 2023. For the second quarter of 2023, the company's revenue is expected to be between $48.5 million to $52.5 million, up 91% year over year at the midpoint.
The company remain focused on delivering strong results in fiscal 2023, and continue to expect to achieve at least $200 million in revenue, which would represent annual growth of more than 88%.
Credo Technology Group Holding Ltd is a Cayman Islands-based holding company. The Company delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Its connectivity solutions are optimized for optical and electrical Ethernet applications, including the emerging 100 gigabits per second (G), 200G, 400G, 800G and the emerging 1.6 terabits per second (T) port markets. Its products are based on its Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies. Its product families include integrated circuits (ICs) for the optical and line card markets, active electrical cables (AECs) and SerDes Chiplets. The Companyâs intellectual property (IP) solutions consist primarily of SerDes IP licensing.
CREDO TECHNOLOGY GROUP HOLDING LTD 
