Connect with us

Technology

Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2025 Financial Results

Published

2 years ago

on

Q3 Net Revenue: $1.516 billion, grew by 7% year-on-yearQ3 Gross Margin: 23.0% GAAP gross margin; 60.5% non-GAAP gross marginQ3 Diluted income (loss) per share: $(0.78) GAAP diluted loss per share; $0.43 non-GAAP diluted income per share

SANTA CLARA, Calif., Dec. 3, 2024 /PRNewswire/ — Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, today reported financial results for the third quarter of fiscal year 2025.

Net revenue for the third quarter of fiscal 2025 was $1.516 billion, $66.0 million above the mid-point of the Company’s guidance provided on August 29, 2024. GAAP net loss for the third quarter of fiscal 2025 was $(676.3) million, or $(0.78) per diluted share. Non-GAAP net income for the third quarter of fiscal 2025 was $373.0 million, or $0.43 per diluted share. Cash flow from operations for the third quarter was $536.3 million.

“Marvell’s fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell,” said Matt Murphy, Marvell’s Chairman and CEO. “The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products. We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026.”

Fourth Quarter of Fiscal 2025 Financial Outlook

Net revenue is expected to be $1.800 billion +/- 5%.GAAP gross margin is expected to be approximately 50%.Non-GAAP gross margin is expected to be approximately 60%.GAAP operating expenses are expected to be approximately $710 million.Non-GAAP operating expenses are expected to be approximately $480 million.Basic weighted-average shares outstanding are expected to be 867 million.Diluted weighted-average shares outstanding are expected to be 877 million.GAAP diluted net income per share is expected to be $0.16 +/- $0.05 per share.Non-GAAP diluted net income per share is expected to be $0.59 +/- $0.05 per share.

GAAP diluted EPS is calculated using basic weighted-average shares outstanding when there is a GAAP net loss, and calculated using diluted weighted-average shares outstanding when there is a GAAP net income. Non-GAAP diluted EPS is calculated using diluted weighted-average shares outstanding.

Conference Call

Marvell will conduct a conference call on Tuesday, December 3, 2024 at 1:45 p.m. Pacific Time to discuss results for the third quarter of fiscal year 2025. Interested parties may join the conference call without operator assistance by registering and entering their phone number at https://emportal.ink/4fngg8m to receive an instant automated call back. To join the call with operator assistance, please dial 1-800-836-8184 or 1-646-357-8785. The call will be webcast and can be accessed at the Marvell Investor Relations website at http://investor.marvell.com/. A replay of the call can be accessed by dialing 1-888-660-6345 or 1-646-517-4150, passcode 47973# until Tuesday, December 10, 2024.

Discussion of Non-GAAP Financial Measures

Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other related charges (including, but not limited to, asset impairment charges, recognition of future contractual obligations, employee severance costs, and facilities related charges), resolution of legal matters, and certain expenses and benefits that are driven primarily by discrete events that management does not consider to be directly related to Marvell’s core business. Although Marvell excludes the amortization of all acquired intangible assets from these non-GAAP financial measures, management believes that it is important for investors to understand that such intangible assets were recorded as part of purchase price accounting arising from acquisitions, and that such amortization of intangible assets that relate to past acquisitions will recur in future periods until such intangible assets have been fully amortized. Investors should note that the use of intangible assets contributed to Marvell’s revenues earned during the periods presented and are expected to contribute to Marvell’s future period revenues as well.

Marvell uses a non-GAAP tax rate to compute the non-GAAP tax provision. This non-GAAP tax rate is based on Marvell’s estimated annual GAAP income tax forecast, adjusted to account for items excluded from Marvell’s non-GAAP income, as well as the effects of significant non-recurring and period specific tax items which vary in size and frequency, and excludes tax deductions and benefits from acquired tax loss and credit carryforwards and changes in valuation allowance on acquired deferred tax assets. Marvell’s non-GAAP tax rate is determined on an annual basis and may be adjusted during the year to take into account events that may materially affect the non-GAAP tax rate such as tax law changes; acquisitions; significant changes in Marvell’s geographic mix of revenue and expenses; or changes to Marvell’s corporate structure. For the third quarter of fiscal 2025, a non-GAAP tax rate of 7.0% has been applied to the non-GAAP financial results.

Marvell believes that the presentation of non-GAAP financial measures provides important supplemental information to management and investors regarding financial and business trends relating to Marvell’s financial condition and results of operations. While Marvell uses non-GAAP financial measures as a tool to enhance its understanding of certain aspects of its financial performance, Marvell does not consider these measures to be a substitute for, or superior to, financial measures calculated in accordance with GAAP. Consistent with this approach, Marvell believes that disclosing non-GAAP financial measures to the readers of its financial statements provides such readers with useful supplemental data that, while not a substitute for GAAP financial measures, allows for greater transparency in the review of its financial and operational performance.

Externally, management believes that investors may find Marvell’s non-GAAP financial measures useful in their assessment of Marvell’s operating performance and the valuation of Marvell. Internally, Marvell’s non-GAAP financial measures are used in the following areas:

Management’s evaluation of Marvell’s operating performance;Management’s establishment of internal operating budgets;Management’s performance comparisons with internal forecasts and targeted business models; andManagement’s determination of the achievement and measurement of certain types of compensation including Marvell’s annual incentive plan and certain performance-based equity awards (adjustments may vary from award to award).

Non-GAAP financial measures have limitations in that they do not reflect all of the costs associated with the operations of Marvell’s business as determined in accordance with GAAP. As a result, you should not consider these measures in isolation or as a substitute for analysis of Marvell’s results as reported under GAAP. The exclusion of the above items from our GAAP financial metrics does not necessarily mean that these costs are unusual or infrequent.

Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the “safe harbor” created by those sections. These statements involve known and unknown risks, uncertainties and other factors, which may cause our actual results to differ materially from those implied by the forward-looking statements. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “forecasts,” “targets,” “may,” “can,” “will,” “would” and similar expressions identify such forward-looking statements. Forward-looking statements contained in this press release include, but are not limited to, the statements describing our financial outlook and future period revenues. These statements are not guarantees of results and should not be considered as an indication of future activity or future performance. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including, but not limited to: risks related to changes in general macroeconomic conditions, or expectations of such conditions, such as high or rising interest rates, macroeconomic slowdowns, recessions, inflation, and stagflation; risks related to our ability to estimate customer demand and future sales accurately; our ability to define, design, develop and market products for the Cloud, 5G markets, and Artificial Intelligence (AI) markets; risks related to our dependence on a few customers for a significant portion of our revenue, particularly as our major customers comprise an increasing percentage of our revenue, as well as risks related to a significant portion of our sales being concentrated in the data center end market; risks related to higher inventory levels; risks related to cancellations, rescheduling or deferrals of significant customer orders or shipments, as well as the ability of our customers to manage inventory; our ability to realize the expected benefits from restructuring activities; the risk of downturns in the semiconductor industry or our customer end markets; the impact of international conflict (such as the current armed conflicts in the Ukraine and in Israel and the Gaza Strip) and economic volatility in either domestic or foreign markets including risks related to trade conflicts or tensions, regulations, and tariffs, including but not limited to, trade restrictions imposed on our Chinese customers; our ability to retain and hire key personnel; our ability to limit costs related to defective products; risks related to our debt obligations; risks related to the rapid growth of the Company; delays or increased costs related to completing the design, development, production and introduction of our new products due to a variety of issues, including supply chain cross-dependencies, dependencies on EDA and similar tools, dependencies on the use of third-party, business partner or customer intellectual property, collaboration and synchronization requirements with business partners and customers, requirements to establish new manufacturing, testing, assembly and packing processes, and other issues; our reliance on our manufacturing partners for the manufacture, assembly, testing and packaging of our products; risks related to the ASIC business model which requires us to use third-party IP including the risk that we may lose business or experience reputational harm if third parties, including customers, lose confidence in our ability to protect their IP rights; the risks associated with manufacturing and selling products and customers’ products outside of the United States; our ability to secure design wins from our customers and prospective customers; our ability to complete and realize the anticipated benefits of any acquisitions, divestitures and investments; decreases in gross margin and results of operations in the future due to a number of factors, including high or increasing interest rates and volatility in foreign exchange rates; severe financial hardship or bankruptcy of one or more of our major customers; the effects of transitioning to smaller geometry process technologies; risks related to use of a hybrid work model; the impact of any change in the income tax laws in jurisdictions where we operate and the loss of any beneficial tax treatment that we currently enjoy; the outcome of pending or future litigation and legal and regulatory proceedings; risk related to our Sustainability program; the impact and costs associated with changes in international financial and regulatory conditions; our ability and the ability of our customers to successfully compete in the markets in which we serve; our ability and our customers’ ability to develop new and enhanced products and the adoption of those products in the market; supply chain disruptions or component shortages that may impact the production of our products including our kitting process or may impact the price of components which in turn may impact our margins on any impacted products and any constrained availability from other electronic suppliers impacting our customers’ ability to ship their products, which in turn may adversely impact our sales to those customers; our ability to scale our operations in response to changes in demand for existing or new products and services; risks associated with acquisition and consolidation activity in the semiconductor industry, including any consolidation of our manufacturing partners; our ability to protect our intellectual property; risks related to the impact of the COVID-19 pandemic (or future pandemics) which have impacted, and for which lingering effects may continue to impact our business, employees and operations, the transportation and manufacturing of our products, and the operations of our customers, distributors, vendors, suppliers, and partners; our maintenance of an effective system of internal controls; financial institution instability; and other risks detailed in our SEC filings from time to time. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties that affect our business described in the “Risk Factors” section of our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and other documents filed by us from time to time with the SEC. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and we assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

About Marvell

To deliver the data infrastructure technology that connects the world, we’re building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world’s leading technology companies for over 25 years, we move, store, process and secure the world’s data with semiconductor solutions designed for our customers’ current needs and future ambitions. Through a process of deep collaboration and transparency, we’re ultimately changing the way tomorrow’s enterprise, cloud, automotive, and carrier architectures transform—for the better.

Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates.

 

Marvell Technology, Inc.

Condensed Consolidated Statements of Operations (Unaudited)

(In millions, except per share amounts)

Three Months Ended

Nine Months Ended

November 2,
2024

August 3,
2024

October 28,
2023

November 2,
2024

October 28,
2023

Net revenue

$      1,516.1

$      1,272.9

$      1,418.6

$      3,949.9

$      4,081.2

Cost of goods sold

1,166.7

685.3

867.4

2,485.1

2,451.7

Gross profit

349.4

587.6

551.2

1,464.8

1,629.5

Operating expenses:

Research and development

488.6

486.7

481.1

1,451.4

1,436.6

Selling, general and administrative

205.3

197.3

213.0

602.5

622.0

Restructuring related charges

358.3

4.0

3.4

366.4

105.3

Total operating expenses

1,052.2

688.0

697.5

2,420.3

2,163.9

Operating loss

(702.8)

(100.4)

(146.3)

(955.5)

(534.4)

Interest expense

(47.2)

(48.4)

(52.6)

(144.4)

(159.1)

Interest income and other, net

(0.5)

2.6

11.4

5.4

22.1

Interest and other loss, net

(47.7)

(45.8)

(41.2)

(139.0)

(137.0)

Loss before income taxes

(750.5)

(146.2)

(187.5)

(1,094.5)

(671.4)

Provision (benefit) for income taxes

(74.2)

47.1

(23.2)

(9.3)

(130.7)

Net loss

$       (676.3)

$       (193.3)

$       (164.3)

$    (1,085.2)

$       (540.7)

Net loss per share — basic

$         (0.78)

$         (0.22)

$         (0.19)

$         (1.25)

$         (0.63)

Net loss per share — diluted

$         (0.78)

$         (0.22)

$         (0.19)

$         (1.25)

$         (0.63)

Weighted-average shares:

Basic

865.7

865.7

862.6

865.5

860.1

Diluted

865.7

865.7

862.6

865.5

860.1

 

Marvell Technology, Inc.

Condensed Consolidated Balance Sheets (Unaudited)

(In millions)

November 2,
2024

February 3,
2024

Assets

Current assets:

Cash and cash equivalents

$              868.1

$              950.8

Accounts receivable, net

997.9

1,121.6

Inventories

859.4

864.4

Prepaid expenses and other current assets

91.4

125.9

Total current assets

2,816.8

3,062.7

Property and equipment, net

781.9

756.0

Goodwill

11,586.9

11,586.9

Acquired intangible assets, net

2,957.7

4,004.1

Deferred tax assets

406.5

311.9

Other non-current assets

1,165.8

1,506.9

Total assets

$        19,715.6

$        21,228.5

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable

$              538.1

$              411.3

Accrued liabilities

825.2

1,032.9

Accrued employee compensation

270.9

262.7

Short-term debt

129.4

107.3

Total current liabilities

1,763.6

1,814.2

Long-term debt

3,965.5

4,058.6

Other non-current liabilities

613.6

524.3

Total liabilities

6,342.7

6,397.1

Stockholders’ equity:

Common stock

1.7

1.7

Additional paid-in capital

14,629.0

14,845.3

Accumulated other comprehensive income (loss)

(0.3)

1.1

Accumulated deficit

(1,257.5)

(16.7)

Total stockholders’ equity

13,372.9

14,831.4

Total liabilities and stockholders’ equity

$        19,715.6

$        21,228.5

 

Marvell Technology, Inc.

Condensed Consolidated Statements of Cash Flows (Unaudited)

(In millions)

Three Months Ended

Nine Months Ended

November 2,
2024

October 28,
2023

November 2,
2024

October 28,
2023

Cash flows from operating activities:

Net loss

$            (676.3)

$            (164.3)

$        (1,085.2)

$            (540.7)

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

76.6

72.1

225.5

226.0

Stock-based compensation

158.4

158.5

449.8

454.5

Amortization of acquired intangible assets

264.9

269.8

805.5

811.6

Restructuring related impairment charges

521.8

0.8

524.1

32.2

Deferred income taxes

(47.9)

(57.0)

(106.2)

(283.7)

Other expense, net

9.0

18.2

42.1

39.9

Changes in assets and liabilities:

Accounts receivable

62.2

(5.5)

123.7

(22.4)

Prepaid expenses and other assets

(45.5)

53.7

176.2

14.4

Inventories

(108.2)

70.6

(60.2)

123.1

Accounts payable

75.0

(0.7)

109.8

(87.5)

Accrued employee compensation

71.1

59.7

11.9

0.7

Accrued liabilities and other non-current liabilities

175.2

27.1

(49.8)

55.8

Net cash provided by operating activities

536.3

503.0

1,167.2

823.9

Cash flows from investing activities:

Purchases of technology licenses

(0.5)

(0.3)

(6.2)

(3.3)

Purchases of property and equipment

(75.0)

(54.4)

(214.7)

(265.3)

Acquisitions, net of cash acquired

—

—

(10.4)

(5.5)

Other, net

—

0.1

0.9

(0.2)

Net cash used in investing activities

(75.5)

(54.6)

(230.4)

(274.3)

Cash flows from financing activities:

Repurchases of common stock

(200.0)

(50.0)

(525.0)

(50.0)

Proceeds from employee stock plans

0.8

0.7

52.4

61.1

Tax withholding paid on behalf of employees for net share settlement

(58.6)

(44.9)

(190.3)

(168.7)

Dividend payments to stockholders

(51.9)

(51.8)

(155.6)

(154.9)

Payments on technology license obligations

(58.9)

(31.6)

(124.4)

(110.2)

Proceeds from borrowings

—

1,045.3

—

1,295.3

Principal payments of debt

(32.8)

(1,006.9)

(76.6)

(1,600.6)

Other, net

—

(7.0)

—

(7.0)

Net cash used in financing activities

(401.4)

(146.2)

(1,019.5)

(735.0)

Net increase (decrease) in cash and cash equivalents

59.4

302.2

(82.7)

(185.4)

Cash and cash equivalents at beginning of period

808.7

423.4

950.8

911.0

Cash and cash equivalents at end of period

$              868.1

$              725.6

$              868.1

$              725.6

 

Marvell Technology, Inc.

Reconciliations from GAAP to Non-GAAP (Unaudited)

(In millions, except per share amounts)

Three Months Ended

Nine Months Ended

November 2,
2024

August 3,
2024

October 28,
2023

November 2,
2024

October 28,
2023

GAAP gross profit

$     349.4

$     587.6

$     551.2

$  1,464.8

$  1,629.5

Special items:

Stock-based compensation

16.3

11.2

15.7

37.2

38.7

Amortization of acquired intangible assets

180.4

191.3

184.3

552.2

553.8

Restructuring related charges (a)

356.8

—

—

356.8

—

Other cost of goods sold (b)

14.2

(2.6)

108.0

17.6

237.8

Total special items

567.7

199.9

308.0

963.8

830.3

Non-GAAP gross profit

$     917.1

$     787.5

$     859.2

$  2,428.6

$  2,459.8

GAAP gross margin

23.0 %

46.2 %

38.9 %

37.1 %

39.9 %

Stock-based compensation

1.1 %

0.9 %

1.1 %

0.9 %

0.9 %

Amortization of acquired intangible assets

11.9 %

15.0 %

13.0 %

14.0 %

13.6 %

Restructuring related charges (a)

23.5 %

— %

— %

9.0 %

— %

Other cost of goods sold (b)

1.0 %

(0.2) %

7.6 %

0.5 %

5.9 %

Non-GAAP gross margin

60.5 %

61.9 %

60.6 %

61.5 %

60.3 %

Total GAAP operating expenses

$  1,052.2

$     688.0

$     697.5

$  2,420.3

$  2,163.9

Special items:

Stock-based compensation

(142.1)

(143.7)

(142.8)

(412.6)

(415.8)

Amortization of acquired intangible assets

(84.5)

(84.4)

(85.5)

(253.3)

(257.8)

Restructuring related charges (a)

(358.3)

(4.0)

(3.4)

(366.4)

(105.3)

Other (c)

(0.4)

(0.1)

(28.7)

(11.5)

(41.3)

Total special items

(585.3)

(232.2)

(260.4)

(1,043.8)

(820.2)

Total non-GAAP operating expenses

$     466.9

$     455.8

$     437.1

$  1,376.5

$  1,343.7

GAAP operating margin

(46.4) %

(7.9) %

(10.3) %

(24.2) %

(13.1) %

Stock-based compensation

10.5 %

12.2 %

11.2 %

11.4 %

11.1 %

Amortization of acquired intangible assets

17.5 %

21.7 %

19.0 %

20.4 %

19.9 %

Restructuring related charges (a)

47.2 %

0.3 %

0.2 %

18.3 %

2.6 %

Other cost of goods sold (b)

0.9 %

(0.2) %

7.6 %

0.4 %

5.8 %

Other (c)

— %

— %

2.1 %

0.3 %

1.0 %

Non-GAAP operating margin 

29.7 %

26.1 %

29.8 %

26.6 %

27.3 %

GAAP interest and other loss, net

$      (47.7)

$      (45.8)

$      (41.2)

$   (139.0)

$   (137.0)

Special items:

Other (c)

(1.4)

0.3

(4.2)

(3.5)

(12.6)

Total special items

(1.4)

0.3

(4.2)

(3.5)

(12.6)

Total non-GAAP interest and other loss, net

$      (49.1)

$      (45.5)

$      (45.4)

$   (142.5)

$   (149.6)

GAAP net loss

$   (676.3)

$   (193.3)

$   (164.3)

$  (1,085.2)

$   (540.7)

Special items:

Stock-based compensation

158.4

154.9

158.5

449.8

454.5

Amortization of acquired intangible assets

264.9

275.7

269.8

805.5

811.6

Restructuring related charges (a)

715.1

4.0

3.4

723.2

105.3

Other cost of goods sold (b)

14.2

(2.6)

108.0

17.6

237.8

Other (c)

(1.0)

0.4

24.5

8.0

28.7

Pre-tax total special items

1,151.6

432.4

564.2

2,004.1

1,637.9

Other income tax effects and adjustments (d)

(102.3)

27.1

(45.8)

(73.0)

(188.7)

Non-GAAP net income

$     373.0

$     266.2

$     354.1

$     845.9

$     908.5

GAAP weighted-average shares — basic

865.7

865.7

862.6

865.5

860.1

GAAP weighted-average shares — diluted

865.7

865.7

862.6

865.5

860.1

Non-GAAP weighted-average shares — diluted (e)

875.5

875.7

872.2

875.8

867.6

GAAP diluted net loss per share

$      (0.78)

$      (0.22)

$      (0.19)

$      (1.25)

$      (0.63)

Non-GAAP diluted net income per share

$        0.43

$        0.30

$        0.41

$        0.97

$        1.05

(a)

Restructuring and other related items include asset impairment charges, recognition of future contractual obligations, employee severance costs, facilities related charges, and other.

(b)

Other cost of goods sold includes charges for an intellectual property licensing claim, product claim related matters that were fully resolved in the fourth quarter of fiscal 2024, and acquisition integration related inventory costs.

(c)

Other costs in operating expenses and interest and other loss, net include gain or loss on investments and asset acquisition related costs.

(d)

Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 7.0% for the three and nine months ended November 2, 2024 and three months ended August 3, 2024. Other income tax effects and adjustments relate to tax provision based on a non-GAAP income tax rate of 6% for the three and nine months ended October 28, 2023.

(e)

Non-GAAP diluted weighted-average shares differs from GAAP diluted weighted-average shares due to the non-GAAP net income reported.

 

Marvell Technology, Inc.

 Outlook for the Fourth Quarter of Fiscal Year 2025

Reconciliations from GAAP to Non-GAAP (Unaudited)

 (In millions, except per share amounts)

Outlook for Three Months Ended

February 1, 2025

GAAP net revenue

$1,800 +/- 5%

Special items:

—

Non-GAAP net revenue

$1,800 +/- 5%

GAAP gross margin

~ 50%

Special items:

Stock-based compensation

0.7 %

Amortization of acquired intangible assets

9.3 %

Non-GAAP gross margin

~ 60%

Total GAAP operating expenses

~ $710

Special items:

Stock-based compensation

142

Amortization of acquired intangible assets

78

Restructuring related charges and other

10

Total non-GAAP operating expenses

~ $480

GAAP diluted net income per share

 $0.16 +/- $0.05

Special items:

Stock-based compensation

0.18

Amortization of acquired intangible assets

0.28

Restructuring related charges and other

0.01

Other income tax effects and adjustments

(0.04)

Non-GAAP diluted net income per share

$0.59 +/- $0.05

Quarterly Revenue Trend (Unaudited)

Our product solutions serve five large end markets where our technology is essential: (i) data center, (ii) enterprise networking, (iii) carrier infrastructure, (iv) consumer, and (v) automotive/industrial. These markets and their corresponding customer products and applications are noted in the table below:

End market

Customer products and applications

Data center

•          Cloud and on-premise Artificial intelligence (AI) systems

•          Cloud and on-premise ethernet switching

•          Cloud and on-premise network-attached storage (NAS)

•          Cloud and on-premise AI servers

•          Cloud and on-premise general-purpose servers

•          Cloud and on-premise storage area networks

•          Cloud and on-premise storage systems

•          Data center interconnect (DCI)

Enterprise networking

•          Campus and small medium enterprise routers

•          Campus and small medium enterprise ethernet switches

•          Campus and small medium enterprise wireless access points (WAPs)

•          Network appliances (firewalls, and load balancers)

•          Workstations

Carrier infrastructure

•          Broadband access systems

•          Ethernet switches

•          Optical transport systems

•          Routers

•          Wireless radio access network (RAN) systems

Consumer

•          Broadband gateways and routers

•          Gaming consoles

•          Home data storage

•          Home wireless access points (WAPs)

•          Personal Computers (PCs)

•          Printers

•          Set-top boxes

Automotive/industrial

•          Advanced driver-assistance systems (ADAS)

•          Autonomous vehicles (AV)

•          In-vehicle networking

•          Industrial ethernet switches

•          United States military and government solutions

•          Video surveillance

 

Quarterly Revenue Trend (Unaudited) (Continued)

Three Months Ended

% Change

Revenue by End Market

(In millions)

November 2,
2024

August 3,
2024

October 28,
2023

YoY

QoQ

Data center

$                          1,101.1

$                             880.9

$                             555.8

98 %

25 %

Enterprise networking

150.9

151.0

271.1

(44) %

— %

Carrier infrastructure

84.7

75.9

316.5

(73) %

12 %

Consumer

96.5

88.9

168.7

(43) %

9 %

Automotive/industrial

82.9

76.2

106.5

(22) %

9 %

Total Net Revenue

$                          1,516.1

$                          1,272.9

$                          1,418.6

7 %

19 %

Three Months Ended

Revenue by End Market

% of Total

November 2,
2024

August 3,
2024

October 28,
2023

Data center

73 %

69 %

39 %

Enterprise networking

10 %

12 %

19 %

Carrier infrastructure

6 %

6 %

22 %

Consumer

6 %

7 %

12 %

Automotive/industrial

5 %

6 %

8 %

Total Net Revenue

100 %

100 %

100 %

 

For further information, contact:
Ashish Saran
Senior Vice President, Investor Relations
408-222-0777
ir@marvell.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/marvell-technology-inc-reports-third-quarter-of-fiscal-year-2025-financial-results-302321507.html

SOURCE Marvell

Related Topics:
Continue Reading

Technology

Goodwill Houston and CompuCycle Launch Tech Recycle Workforce Training Program for Students with Disabilities

Published

4 minutes ago

on

October 20, 2026

By

HOUSTON, Oct. 20, 2026 /PRNewswire/ — Goodwill Houston and CompuCycle today announced Tech Recycle, a workforce training program that turns school districts’ retired electronics into paid vocational training for transition-age students with disabilities. Goodwill Houston operates the program and pays every student. CompuCycle, a Houston-based electronics recycler, provides certified data destruction and recycling for the districts’ devices.

Tech Recycle is a 12-week paid work-based learning program that helps students on the autism spectrum build skills and prepare for future employment, at no cost to them.

How Does Tech Recycle Work?

Districts send retired electronics to CompuCycle for certified data destruction and receive audit-ready documentation before sending the wiped devices to Goodwill Houston to be used in instruction.Students join a 12-week paid work-based learning program run by Goodwill Houston, gaining hands-on experience and skills that can support future employment.Goodwill Houston funds student paychecks in full, separate from the value returned to districts.CompuCycle recycles the scrap materials in-house at its 130,000 sq ft Houston facility and returns recovered material value to the districts.

From One Classroom to a Regional Workforce Program

Tech Recycle grew out of TechCycle, a program CompuCycle launched with Pearland ISD, supported by seed funding from Texas A&M and covered by ABC13. Goodwill Houston now runs it as Tech Recycle.

“Goodwill Houston saw what it could be across the region and built the training around it. Our job is to keep the recycling secure, certified, and done right here in Houston,” said Kelly Adels Hess, CEO of CompuCycle.

Building a Pathway to Success for Students with Autism

“We have run into so many students who have a passion for telling you how things work and taking them apart. But we did not have a pathway set aside for them. The greatest part about this program is we’re paying these students. They now have certified training and a resume builder,” said Vernee Sampson, Senior Manager of Vocational Rehabilitation Programs at Goodwill Houston.

“Most arrive assuming that they can’t do this or this isn’t for them, but we want them to walk away believing that they can do it,” said Alicia Franklin, Career Coach and instructor for Tech Recycle.

How Can Districts and Organizations Get Involved?

School districts that want to train their students through Tech Recycle can contact Goodwill Houston. Organizations with retired electronics can send them through CompuCycle. Learn more about the CompuCycle and Goodwill Houston partnership.

“Community impact is the point of Tech Recycle. A district retires its devices, we recycle them securely, and Goodwill Houston turns that into paid training for students. When a recycler, a nonprofit, and a school district work together, the whole community benefits,” Hess said.

Join the Conversation at E-Scrap

Kelly Adels Hess will lead a workshop, “Community Partnerships, Real Impact,” at the E-Scrap Conference in New Orleans on October 27 from 8:30 to 9:30 a.m.

About Goodwill Houston

Goodwill Houston is a nonprofit organization dedicated to changing lives through the power of work. Serving individuals and families across the Greater Houston area, Goodwill Houston provides workforce development, job training, career services and other programs designed to help people build skills, overcome barriers to employment and achieve greater independence.

About CompuCycle

CompuCycle is a Houston-based IT asset disposition and electronics recycling company. It holds R2v3, e-Stewards, and ISO 27001 certifications, the only electronics recycler in Texas with all three.

Media Contacts

CompuCycle: Kelly Adels Hess, CEO, khess@compucycle.com, 713-869-6700Goodwill Houston: Mia Brooks, Events and Public Relations Coordinator, MBrooks@goodwillhouston.org, 713-805-7031

View original content to download multimedia:https://www.prnewswire.com/news-releases/goodwill-houston-and-compucycle-launch-tech-recycle-workforce-training-program-for-students-with-disabilities-302912262.html

SOURCE CompuCycle

Continue Reading

Technology

xTool Launches C1 Color Cutter : The Full-Color Cutting Machine Built to Scan, Print, and Cut with Precision

Published

4 minutes ago

on

October 20, 2026

By

PARIS, Oct. 20, 2026 /PRNewswire/ — xTool, a global pioneer in digital fabrication and smart desktop manufacturing, announces today its expansion into the craft cutter market with the launch of the xTool C1 Color Cutter.

Engineered under the slogan “Scan It. Print It. Cut It. Always in One Workflow,” the C1 solves long-standing industry challenges by integrating high-precision CIS scanning, CMYK full-color inkjet printing, and dynamic blade cutting into a single automated desktop workstation.

Starting October 20th, 2026, xTool is launching its official global pre-order campaign, offering an exclusive £10 deposit incentive that provides early buyers with substantial machine discounts, physical material bundles, and livestream giveaway entries.

Beyond Lasers and Printers : The Natural Evolution into Craft Cutting

The launch of the xTool C1 marks a milestone in xTool’s strategy to build a fully integrated hardware and software ecosystem for creators, DIY enthusiasts, and small-business owners. Building on its global leadership in desktop laser engravers and digital printers, xTool is bringing its expertise in precision mechanics and automation to traditional blade cutting.

By combining full-color printing and precision cutting in one compact machine, the C1 eliminates the need for separate printers, manual material transfers, and error-prone registration marks, simplifying workflows for paper crafts, vinyl graphics, HTV, apparel, and stickers.

Designed for Advanced Crafters and Small Businesses

For DIY enthusiasts, its integrated print-and-cut workflow helps reduce material waste, alignment errors, and the need to cut and weed multiple layers of vinyl. Complex projects involving heat transfer vinyl (HTV) for textile customisation, sticker making, and paper crafts become easier to complete.

For entrepreneurs and small businesses producing customised apparel, labels, packaging, or promotional items, the C1 is a valuable addition to their production workflow. It helps improve productivity, reduce manufacturing costs, and deliver professional-quality results.

Seamless Print-and-Cut Workflow

Combining CMYK inkjet printing with precision blade cutting, the C1 prints directly onto materials before cutting, eliminating registration marks, maximizing printable space, and minimizing alignment errors and waste. Its proprietary Duraproof ink produces vibrant, waterproof, fade-resistant graphics that can withstand up to 30 home washes on textiles.

Built-In CIS Scanner and Live Preview

An integrated Contact Image Sensor (CIS) provides a 1:1 live preview, allowing users to position designs accurately, including leftover materials. Additional features include automatic contour extraction, material nesting, and QR-code-based parameter setup.

AI-Powered Atomm Creation Suite

xTool’s Atomm software transforms text prompts and images into ready-to-cut vectors, with tools for background removal, artistic text, line-art conversion, and 3D papercraft templates, reducing design preparation from hours to minutes.

Versatile Materials and Tools

Compatible with Fine-Point, Deep-Point, Rotary, and 3mm Cutting blades, Foil-Transfer tips, and detail pens, the C1 supports paper, cardstock, vinyl, HTV, leather, balsa wood, and fabrics. Optional accessories include an Electrostatic Mat and Roll Holder with built-in trimmer.

Pre-Order Details

Global pre-orders open on October 20th, 2026, with prices starting at £399 and reservations available for a £10 deposit. Several bundles will be offered, including the first-ever C1 bundle with Atomm Membership.

Pre-order customers will receive exclusive £10 Pre-Order Bonus Perks, including a material kit with over 10 crafting materials, a 20% Material Card valid for 180 days across the xTool store, and entry into a livestream giveaway to win a free C1.

Final payments and global shipping begin November 5, 2026. Further details are available at xtool.com.

About xTool

xTool is a brand founded in 2020 that specialises in smart digital fabrication machines. The company’s mission is to foster creativity by developing intelligent, user-friendly tools that leverage advanced technologies to significantly lower the barriers to creation.

The brand primarily serves makers, DIY enthusiasts, and the education sector by combining powerful software with safe, easy-to-use hardware. xTool provides users with new opportunities to bring their creative ideas to life efficiently and professionally.

For more information: xtool.com

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/xtool-launches-c1-color-cutter–the-full-color-cutting-machine-built-to-scan-print-and-cut-with-precision-302914186.html

Continue Reading

Technology

Green Data Center Market worth $197.02 billion by 2031 – Report by MarketsandMarkets™

Published

4 minutes ago

on

October 20, 2026

By

DELRAY BEACH, Fla., Oct. 20, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Green Data Center Market is expanding rapidly, with a projected market size anticipated to rise from about USD 60.77 billion in 2026 to USD 197.02 billion by 2031, featuring a CAGR of 26.5%.

Browse 303 market data Tables and 60 Figures spread through 240 Pages and in-depth TOC on “Green Data Center Market – Global Forecast to 2031”

Green Data Center Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 48.26 billion2026 Market Size: USD 60.77 billion2031 Projected Market Size: USD 197.02 billionCAGR (2026–2031): 26.5%

Green Data Center Market Trends & Insights:

The global market is gaining momentum as data center operators and enterprises respond to rising energy costs, increasingly stringent sustainability regulations, and growing commitments to reduce carbon emissions.The infrastructure segment is expected to hold the largest market value of USD 39.31 billion by 2026.The building management software is projected to grow at the highest CAGR of 32.1% during the forecast period.Cloud and hyperscale data centers are expected to dominate the market during the forecast period.Retail and e-commerce enterprises are projected to grow at the highest CAGR during the forecast period.North America is estimated to dominate the market with the highest value of USD 25.12 billion by 2026.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1032

Green data centers are transforming digital infrastructure by integrating technologies such as renewable energy systems, liquid and immersion cooling, and intelligent energy management solutions to enable sustainability at scale. These innovations improve power usage efficiency, reduce carbon emissions, and support compliance with increasingly stringent global sustainability regulations, accelerating adoption across hyperscale facilities, colocation providers, and enterprise data centers. By incorporating energy-efficient and environmentally optimized technologies into core operations, green data centers enhance long-term resilience, regulatory alignment, and cost efficiency for energy-intensive workloads. This infrastructure enables organizations to support AI-driven applications, cloud services, and high-density computing environments more efficiently, while reducing reliance on fossil fuel-based power systems and minimizing overall environmental impact.

By Cooling Infrastructure, Green Air Cooling will register the largest market share during the forecast period

Green air cooling is expected to remain a key thermal management solution in data centers, driven by the growing emphasis on energy efficiency, sustainability, and reduced environmental impact. Key components include Computer Room Air Handlers (CRAH) and Computer Room Air Conditioning (CRAC) units, which use chilled water and refrigerant-based systems, respectively, to maintain optimal temperature and humidity conditions. These systems are increasingly equipped with variable-speed fans, advanced controls, and high-efficiency motors to reduce energy consumption and improve overall cooling performance. Energy-efficient air-cooled chillers further complement these systems by using low Global Warming Potential (GWP) refrigerants and incorporating free-cooling modes that leverage ambient outdoor air to reduce cooling energy requirements. Additional approaches, including hot/cold aisle containment, variable airflow management, and intelligent monitoring systems, enable cooling capacity to be dynamically adjusted according to real-time demand, improving energy efficiency. Emerging vendors and solution providers can capitalize on this trend by developing advanced thermal management technologies. Carrier’s investment in ZutaCore, announced in February 2025, highlights the industry’s increasing focus on advanced cooling solutions. The collaboration aims to deliver scalable and energy-efficient thermal management systems capable of addressing the rising cooling requirements of modern data centers. To capture these opportunities, vendors can focus on developing innovative cooling technologies that improve efficiency and support sustainability objectives. Strategic collaborations, industry partnerships, and continuous technological innovation will remain important for strengthening capabilities in the evolving green data center cooling market.

Request for Proposal: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1032

Software segment is poised for the fastest growth rate during the forecast period

The software segment is expected to register the highest CAGR in the Green Data Center Market, driven by growing demand for intelligent automation, energy optimization, operational visibility, and regulatory compliance. Data Center Infrastructure Management (DCIM) software provides real-time visibility into power consumption, cooling performance, server utilization, and environmental conditions, enabling operators to identify inefficiencies, optimize resource allocation, and maintain high availability. Building Management Systems (BMS) integrate electrical, mechanical, and HVAC systems to automate energy-efficient facility operations while regulating lighting, temperature, and airflow to minimize energy waste and improve cooling efficiency. Compliance software supports adherence to environmental standards, industry regulations, and sustainability certifications such as LEED and ISO 50001 by automating reporting, documentation, and audit processes, thereby improving transparency and accountability. Specialized software solutions, including AI-driven predictive workload management and energy analytics platforms, can dynamically optimize cooling, power distribution, and IT workloads based on real-time demand, reducing energy consumption, environmental impact, and operating costs. Emerging vendors and solution providers can capitalize on this growth through strategic partnerships, technology integration, and AI-enabled capabilities. For instance, in August 2025, Vertiv acquired Waylay NV, a Belgium-based AI-powered software provider, to strengthen monitoring, optimization, and operational efficiency across data center systems. By developing advanced software solutions, collaborating with established technology providers, and leveraging AI, automation, and analytics, vendors can support sustainable, efficient, and regulatory-compliant green data center operations while addressing the growing demand for intelligent infrastructure management.

North America accounts for the largest market during the forecast period

North America is witnessing measurable growth in green data center activity, driven by corporate decarbonization targets, rising onsite power costs, and the increasing need to deploy high-density computing infrastructure with lower water and energy intensity. According to the US Energy Information Administration, solar power generation in the United States increased by 25% in 2024, while wind power generation grew by 8%, improving the availability of low-carbon electricity for hyperscale and colocation data center campuses. Additionally, Schneider Electric announced collaborative AI data center reference designs with NVIDIA in December 2024 that support liquid cooling at densities of up to 132 kilowatts per rack, highlighting supplier responses to rising rack power densities and efficiency requirements. Federal and commercial developments during 2024 and 2025 are also influencing procurement timelines and technical specifications. The White House issued an executive order in July 2025 aimed at accelerating federal permitting for large data center projects and supporting infrastructure. By streamlining approvals for facilities exceeding 100 megawatts or involving capital expenditures of at least USD 500 million, the order supports faster deployment of next-generation data centers, enabling integration of renewable power, liquid cooling systems, and energy-efficient designs. Schneider Electric also introduced and validated new electrical and liquid cooling reference designs through 2024 and 2025, creating standardized deployment pathways for integrators and data center owners. Vendors and solution providers are increasingly focusing on liquid cooling systems, modular electrical skids, facility-level heat recovery, and advanced DCIM capabilities to address evolving procurement requirements amid faster permitting processes and increasing renewable power availability.

Request Pricing: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1032

Top Companies in Green Data Center Market:

The Top Companies in Green Data Center Market are Schneider Electric (France), Vertiv (US), Eaton (US), Daikin (Japan), ABB (Switzerland), Delta Electronics (Taiwan), Siemens (Germany), Carrier (US), and GE Vernova (US).

Green Data Center Market – Investment & funding +Merger & Acquisition

Investment and Funding Context

The global Green Data Center Market is attracting strong investment from hyperscalers, cloud providers, colocation operators, and enterprises seeking sustainable ways to expand capacity for AI, high-performance computing, and edge workloads. Investment is increasingly directed toward energy-efficient power and cooling systems, eco-friendly IT modules, high-density green AI pods, and sustainable manufacturing capacity.

Capital is also flowing toward companies developing technologies that address the power, cooling, and energy-efficiency requirements of sustainable AI infrastructure. For example, Eaton completed its USD 9.5 billion acquisition of Boyd Thermal in March 2026, adding liquid cooling and thermal management capabilities for high-density, energy-efficient data centers. Similarly, Vertiv agreed in September 2026 to acquire UtilityInnovation Group for approximately USD 1.45 billion to add microgrid controls, on-site generation orchestration, and behind-the-meter power architecture that shorten time to power. Schneider Electric completed the acquisition of a 75% controlling interest in Motivair for USD 850 million in February 2025 to strengthen its liquid cooling portfolio for AI data centers. These investments and strategic transactions demonstrate the increasing emphasis on energy-efficient, low-carbon, and rapidly deployable power and cooling infrastructure across the green data center ecosystem.

Revenue Shift Context

The market is shifting from conventional, energy-intensive data center infrastructure toward energy-efficient, low-carbon, and sustainability-oriented architectures as operators seek to reduce power consumption, operating costs, and carbon emissions. The rapid growth of AI and high-performance computing is accelerating this transition by increasing power density and cooling requirements, creating greater demand for efficient power distribution, advanced thermal management, renewable energy integration, and intelligent energy management. Technologies such as liquid cooling, high-efficiency UPS systems, renewable-powered generation, energy storage, and intelligent monitoring platforms are increasingly being integrated into data center infrastructure to improve energy utilization and support sustainability targets. Operators are also adopting modular and prefabricated solutions that improve deployment efficiency while incorporating energy-efficient power and cooling systems.

Revenue opportunities are consequently expanding beyond conventional energy-efficiency equipment toward integrated green infrastructure solutions, including renewable energy systems, liquid and immersion cooling, energy storage, high-efficiency power systems, AI-enabled energy management, DCIM platforms, carbon monitoring, and heat recovery technologies. The growing deployment of high-density AI infrastructure is particularly increasing demand for liquid cooling, optimized power architectures, and real-time energy monitoring capable of maintaining performance while controlling energy consumption.

Mergers and Acquisitions

Mergers, acquisitions, and strategic investments are increasingly shaping the Green Data Center Market as infrastructure providers seek to strengthen capabilities across energy-efficient power systems, advanced cooling, renewable energy integration, and intelligent energy management. Recent activity is focused on expanding sustainable technology portfolios, enhancing vertical integration across critical infrastructure components, and accelerating the development and deployment of energy-efficient solutions for AI-ready and high-density data center environments.

GREEN DATA CENTER MARKET: MERGERS AND ACQUISITIONS, AUGUST 2025–SEPTEMBER 2026

Month and Year

Deal Type

Company 1

Company 2

Description

September 2026

Acquisition

Eaton (Ireland)

COL Group (Italy) (from Oaktree)

Eaton signed a deal to buy COL Group at an enterprise value of about EUR 810 million. COL makes medium-voltage distribution equipment, including SF6-free switchgear, grid automation, and modular power systems. The deal expands Eaton’s European manufacturing for data center and utility customers.

September 2026

Acquisition

Vertiv (US)

King Environmental Services (KES) (Ireland)

Vertiv agreed to buy this Europe-based provider of fluid management, commissioning, and load-testing services for liquid-cooled data centers. It extends Vertiv’s thermal services into EMEA, building on PurgeRite in North America.

April 2026

Acquisition

Vertiv (US)

BMarko Structures (US)

Vertiv acquired BMarko to bring structural fabrication in-house and expand capacity for manufactured, prefabricated, and converged infrastructure solutions.

November 2025

Acquisition

Eaton (Ireland)

Boyd Thermal (US)

Eaton announced the USD 9.5 billion purchase of Boyd’s thermal business, which closed on March 12, 2026. It adds liquid cooling and thermal components for data centers, and about 80% of Boyd’s business serves that market.

Company Revenue Share Details

The global Green Data Center Market is led by established power, cooling, and electrical infrastructure providers competing across energy-efficient power distribution, power backup and energy storage, green air and liquid cooling, and DCIM and energy management software. Major participants include Schneider Electric, Vertiv, Eaton, ABB, and Hitachi Energy, alongside other global and regional players such as Daikin, Delta Electronics, Siemens, Carrier, and STULZ. Competition is increasingly shaped by the ability to offer integrated power and cooling portfolios that lower PUE, support renewable and low-carbon power integration, and handle the higher rack densities of AI workloads.

Competition is also shifting toward vertical integration and end-to-end offerings that span grid interconnect to chip. Recent transactions demonstrate this focus on liquid cooling, thermal management, and sustainable power distribution. For example, Eaton’s USD 9.5 billion acquisition of Boyd Thermal added liquid cooling capabilities. Its agreement to acquire COL Group (EUR 810 million enterprise value) adds SF6-free medium-voltage switchgear.

Browse Adjacent Markets Data Center and Networking Market Research Reports & Consulting

Related Market Reports:

Data Center Rack Market by Rack Type (Open Frame, Enclosed), Type (Server Racks, Network Racks), Rack Height (42U & Below, 43U up to 52U), Rack Width (19 Inch, 23 Inch), Data Center Type (Enterprise, Colocation, Hyperscale) – Global Forecast to 2030

Data Center Solutions Market by Infrastructure [Power (Critical Power, Backup, Distribution), Mechanical & Cooling (Air Cooled, Liquid Cooling, Heat Pumps), IT (Server, Storage, Networking), Physical (Racks, Cables)], Software – Forecast to 2031

About MarketsandMarkets™  

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/green-data-center-gdc.asp

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/green-data-center-market-worth-197-02-billion-by-2031–report-by-marketsandmarkets-302912615.html

Continue Reading

Trending