Nvidia has posted its fourth quarter financial results of fiscal 2014. Ending on January 26, 2014, the manufacturer revealed its reported revenue was $1.14 billion, an increase of 8.6 percent compared to the fourth quarter of fiscal 2013. Also, during the fourth quarter, GeForce GTX GPU revenue saw an increase of almost 50 percent, according to Nvidia's report.
Attributing fourth quarter growth to PC gaming, Nvidia president Jen-Hsun Huang said, "Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU business.”
Yet there were other factors as well, Huang revealed, "Tesla and Quadro both achieved record annual revenue. GRID cloud technology is being evaluated at hundreds of large enterprises worldwide. And Tegra K1 is disrupting the auto industry, paving the way to self-piloted cars. The groundbreaking work we are doing in visual computing is expanding the opportunities for our GPUs."
The report also revealed that Nvidia’s total revenue for fiscal 2014 was $4.13 billion. However, this number was lower compared to fiscal 2013 which saw a record $4.28 billion for the company.
For the first quarter of fiscal 2015 Nvidia is expecting its generated revenue to be around $1.05 billion.