Nvidia's Full Year Revenue of $4.28 Billion is a Record High

Paul Lilly

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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