Credo’s Hypergrowth Intact as 274% YoY Growth Leads to Massive Bottom Line Expansion

Credo easily had one of the best earnings reports across the tech sector this quarter. The company reported growth of 274% YoY and 31% QoQ for revenue of $223.1 million. This beat estimates on the top line by 17% with management raising full-year revenue growth outlook by 35 points, from 85% YoY to 120% YoY. The bottom line also shined with adjusted EPS beating estimates by 44.4%. This represents growth of 1,200% YoY from a thin $0.04 in the prior-year quarter. Triple-digit growth of 425% on the bottom line is expected to follow although flat QoQ.

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