Credo Surges 27% After Hours on Record Revenue and AI-Driven Demand
Credo Surges 27% After Hours on Record Revenue and AI-Driven Demand
Shares of $Credo Technology (CRDO.US)$ were trading more that 27% higher after-the-bell Monday following the release of its Q2 earnings.
股票的 $Credo Technology (CRDO.US)$ 周一收盘后，$Credo Technology(CRDO.US)$ 股价上涨超过27%，这是因为发布了第二季度财报。
The company, which provides high-speed, efficient connectivity solutions that break bandwidth barriers in data infrastructure, reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.05 by 40%.
The company reported quarterly sales of $72.000 million which beat the analyst consensus estimate of $66.789 million by 7.80%. This is a 63.51% increase over sales of $44.035 million the same period last year.
该公司提供高速、高效的连接解决方案，突破了数据基础设施中的 bandwidth 限制，每股盈利为0.07美元，超出了分析师共识预期的0.05美元，增长了40%。
该公司报告的季度销售额为7200万美元，比分析师共识预期的6678.9万美元高出了7.80%。与去年同期的4403.5万美元相比，销售额增长了63.51%。
“In the fiscal second quarter ended November 2, 2024 Credo generated record revenue of $72.0 million, up 21% sequentially and 64% year over year. The second quarter was our most successful to date across our three main product lines and Credo delivered total product revenue of $69.1 million," said Bill Brennan, Credo’s President and Chief Executive Officer.
"For the past few quarters, we have anticipated an inflection point in our revenues during the second half of fiscal 2025. I am pleased to share that this turning point has arrived, and we are experiencing even greater demand than initially projected, driven by AI deployments and deepening customer relationships.”
“2024年11月2日结束的财政第二季度，$Credo$ 收入创下了新高，达到7200万美元，环比增长21%，同比增长64%。第二季度是我们迄今为止在三条主要产品线上最成功的季度，$Credo$ 总产品营收为6910万美元，” Credo 的总裁兼首席执行官比尔·布伦南说。
“在过去的几个季度中，我们预期在2025财年下半年的营收将出现拐点。我很高兴地宣布，这个转折点已经到来，我们正经历比最初预期更大的需求增长，这得益于人工智能部署和不断加深的客户关系。”