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Compared to a year ago, Nvidia's sales figures are looking mighty strong.The transition to mobile is barely affecting Nvidia's bottom line, which raked in $1.11 billion last quarter. That's a decrease of 8.1 percent sequentially, but an increase of 16.1 percent year-on-year, the GPU maker said. Furthermore, Nvidia's full year revenue reached a record high of $4.28 billion, jumping more than 7 percent compared to a year ago. Between its GPU and Tegra sales, which grew 7 percent and 90 percent, respectively, from a year ago, Nvidia is firing on all cylinders.
"This year we did the best work in our company's history," said Jen-Hsun Huang, president and chief executive officer of Nvidia. "We achieved record revenues, margins and cash, despite significant market headwinds.
"We grew our GPU and Tegra processor businesses. We are sampling production silicon of the Tegra 4 platform which includes our 4G LTE modem. And we created new pillars for long term growth with Project Shield and Nvidia Grid -- first-of-their-kind devices that will extend our leadership in visual computing into mobile and the cloud."
Nvidia's profits fell 3.2 percent compared to last year, though it still came out ahead by $562.5 million, or $0.90 per share, compared to $581.1 million, or $0.94 per share one year ago.
Looking ahead, Nvidia expects its fiscal 2014 revenue to reach $940 million, plus or minus 2 percent
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Comments are closed on this article
jgottberg
February 14, 2013 at 10:46am
It's nice they are posting record revenue but it's net profit that companies should be cheering about.
Hagame
February 14, 2013 at 10:07am
Congratulations Nvidia! The PC market is being dominated by integrated graphics, so it is nice to see a discreet video card maker do so well, and I wish the best for AMD and their Radeon line of GPU's as well.
John Pombrio
February 14, 2013 at 8:58am
I would assume the $940 million is the next quarterly revenue?
Warrior247
February 13, 2013 at 5:35pm
Good for Nvidia. That just goes to show that it's better to be good than "cheap".
dgrmouse
February 13, 2013 at 7:33pm
Their margins are inversely proportional to the value propositions their products offer, and you're cheering them on? Can you bend over just a little bet further to help them set new records for margins next year?
wumpus
February 14, 2013 at 11:22am
I'm just glad that when/if AMD implodes* that nVidia will still design GPUs and expect to make money that way. The recent 8xxx series delay did not have me so convinced.
Intel CPU margins are vastly than AMD CPU margins. I'm no longer convinced that AMD is still the value proposition. Once you get into imaginary property based products (and face it, in *everything* this side of gasoline and electricity center around IP costs) the old margin/value ideas no longer hold.
*I think US bankruptcy laws would allow the resurrection of ATI without the CPU designer's debt. Not sure if it could survive the transition.
devin3627
February 14, 2013 at 2:59am
dude. i am an nvidia fan, i don't think guy is just trolling. nvidia drivers would cause crashes. most people don't think about updating their drivers either. that goes for all "driver" related software, bugs are a normal product of programming.
dmaster6
February 14, 2013 at 8:24am
That's the thing. he/she definitely is trolling. I have owned both AMD and Nvidia cards and the last couple years Nvidia has had much better driver support especially for new games and for SLI. Anyone who just says one is better than the other without really providing facts to their claim is a troll. Lets also move into this decade by saying ATI no longer exists!
