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 of 63.6%  GAAP operating expenses of $53.9 million and non-GAAP operating expenses of $

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced that Bill Brennan, President and CEO, and Dan Fleming, CFO, are scheduled to present at the following upcoming investor conference. Conference: Barclays 22nd Annual Global Technology Conference Date: Wednesday, December 11, 2024 Time: 2:30 p.m. PT Location: San Francisco, California The presentation will be webcast live on Credo's IR website at http://investors.credosemi.com/. The webcast replay w

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, has released its 2024 Environmental, Social, and Governance (ESG) Report. This report outlines Credo's continued dedication to environmental stewardship, diversity and inclusion, and ethical governance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241121375970/en/This year, Credo expands on its ESG efforts, particularly around Greenhouse Gas (GHG) emissions me

  Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company's journey towards improved environmental sustainability. This press release features multimedia. View the full release here: https://www

SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency, today announced it will hold a conference call on Monday, December 2, 2024, at 2:00 p.m. Pacific Time to discuss its financial results for the fiscal second quarter ended November 2, 2024. The news release announcing the second quarter fiscal year 2025 financial results will be disseminated on December 2, 2024 after the market closes. Interested parties may join the conference call beginning at 2:00 p.m. Pacific Time on Monday, December 2, 2024 by registering online at htt

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO) an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce its collaboration with Net One Systems, a leading IT and communications solution provider in Japan. This agreement marks the first time that Credo's innovative HiWire Active Electrical Cables (AECs) will be distributed in the Japanese market, catering to the rapidly expanding generative AI infrastructure. This press release features multimedia. View the full release here: https://www.businesswire.com/n

Credo Leverages SerDes Expertise to Deliver Energy Efficient PCIe 6 and 7 Retimers Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce the company's first Toucan PCI Express (PCIe) 6, Compute Express Link (CXL) 3.x and Magpie PCIe 7, CXL 4.x retimers and OSFP-XD 16x64GT/s (1Tb) PCIe6/CXL HiWire AECs. Credo will demonstrate the Toucan PCIe 6 retimers and HiWire AECs at the upcoming Open Compute Project (OCP) Summit October 15-17 in Booth 31 and the OC

Live Demos to Include Newly Introduced PCI Express 6.0 Devices and CXL Interconnect Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce its participation in the upcoming OCP Global Summit from October 15-17, 2024, in San Jose, CA. The event will provide Credo with a platform to showcase generative AI, general compute and operator focused connectivity solutions and include multiple presentations by Credo executives. This press release features multimedia. View

Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is excited to announce the new 800G ZeroFlap (ZF) family of HiWire Active Electrical Cables (AECs) reaching lengths of 7 m. These high-performance HiWire ZF AECs are designed to deliver highly reliable interconnect for artificial intelligence (AI) backend networks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241010046982/en/Credo Introduces 800G HiWire ZeroFl

USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, Sept. 27, 2024 /PRNewswire/ -- USA News Group – While the world is already witnessing a revolution in artificial intelligence (AI) tools, how tech is applied to our security is about to change. With the rise of upcoming quantum computing power, cybersecurity leaders in the USA are hard at work studying the systems and technology that can withstand the oncoming wave potential new threats to data security. The National Institute of Standards and Technology (NIST) recently published the world's first three official post-quantum cryptographic algorithms and tools designed to protect against future attacks. Meanwhile, in t

  Credo Technology Group Holding Ltd (Credo) (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved energy efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, is proud to announce the completion of its inaugural Greenhouse Gas (GHG) emissions and carbon footprint calculation for calendar year 2023. This comprehensive GHG report, created in collaboration with environmental consultancy Minimum, marks a significant step forward in the company's journey towards improved environmental sustainability. This press release features multimedia. View the full release here: https://www

Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240827925205/en/CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Laufman has been appointed Chief Legal Officer (CLO) and Corporate Secretary. (Photo: Business Wire)">Credo Technology Group Holding Ltd (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions, today announced that Jim Lauf

USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, Aug. 20, 2024 /PRNewswire/ -- USA News Group – The race to dominate the artificial intelligence (AI) space continues to heat up, with Goldman Sachs recently asking the question "Will the $1 trillion of generative AI investment pay off?". According to Goldman Sachs Asset Management portfolio managers, their confidence continues to increase that this technology cycle is indeed real. It's a global phenomenon, with Brazil recently proposing a $4 billion AI investment plan of its own. Big tech is banking on this AI boom as infrastructure spending indeed nears the $1-trillion mark. However, it's not just the silicon valley

Credo Technology Group Holding Ltd ("Credo" or the "Company") (NASDAQ:CRDO), an innovator in providing secure, high-speed connectivity solutions that deliver improved power efficiency as data rates and corresponding bandwidth requirements increase throughout the data infrastructure market, today announced the appointment of Clyde Hosein to the Company's board of directors effective April 3, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240401894812/en/Credo Technology Group Holding Ltd Announces Appointment of Industry Veteran Clyde Hosein to Board of Directors (Photo: Business Wire) "Clyde's appointment to the Credo boar

Credo Technology Group Holding Ltd (NASDAQ:CRDO) ("Credo"), an innovator in providing secure, high-speed connectivity solutions, today announced that Kate Schuelke will join Credo as Chief Legal Officer (CLO) and Corporate Secretary on January 26, 2024. Ms. Schuelke brings more than 30 years of legal technology industry experience to Credo, having most recently served as CLO of Seagate Technology LLC where she oversaw all legal functions, including the global security and government relations teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240109154605/en/CRDO) today announced that Kate Schuelke will join Credo as Chief Le