NVIDIA Reports Earnings
Nvidia’s 2013 fiscal has wrapped and the company’s net income has taken a hit compared to results from last year. The company reported a net income of $60.4 million down from $135 million a year ago. The company still managed to beat expectations and their graphics cards as of late are doing better than ever, but one wonders where the difference went as revenue was almost all the same. Perhaps into R&D to battle AMD in the graphics arena.
NVIDIA Reports Financial Results for First Quarter Fiscal Year 2013
SANTA CLARA, CA, May 11, 2012 (MARKETWIRE via COMTEX) — NVIDIA NVDA +9.50%
– Revenue of $924.9 million.
– GAAP net income was $60.4 million, or $0.10 per diluted share.
Non-GAAP net income was $97.5 million, or $0.16 per diluted share.
– GAAP gross margin was 50.1 percent. Non-GAAP gross margin was 50.4
NVIDIA NVDA +9.50% today reported revenue of $924.9 million for the first quarter of fiscal 2013 ended Apr. 29, 2012.
“Kepler GPUs are accelerating our business,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “Our newly launched desktop products are winning some of the best reviews we’ve ever had. Notebook GPUs had a record quarter. And Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch.
“Graphics is more important than ever. Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing,” he said.