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Marvell Technology Group Ltd. has reported a significant increase in revenue for the latest quarter, but its profit margin has narrowed, according to a company announcement. The semiconductor company’s revenue jumped by almost 28%, driven primarily by strong performance in its data-center business.

While revenue reached impressive levels, Marvell’s quarterly profit saw a decrease. The company attributes this reduction, in part, to costs associated with recent acquisitions. These acquisition-related expenses impacted the overall profitability despite the robust revenue growth.

Marvell’s data-center business has been a key driver of its success. The demand for data-center solutions continues to rise, fuelled by the increasing reliance on cloud computing and digital services. This segment's growth has significantly contributed to the overall revenue increase.

The company's financial results reflect a complex picture – strong top-line growth tempered by increased expenses. Investors will be closely watching Marvell's performance in future quarters to see if it can balance revenue expansion with improved profitability. Further details on the specific acquisition costs and the breakdown of revenue by segment are expected to be released in the full earnings report.