Sunday, February 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
LG 2017 Gram Notebooks Start From $999
Samsung, Apple To Focus On Bio Authentication Services
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
Secure Folder Now Available for Galaxy S7, Galaxy S7 edge
LG X Power2 Smartphne Packs A 4,500mAh Battery And A 5.5-inch Display
Samsung Introduces Measures to Enhance Transparency in Financial Donations
Google's Waymo Sues Uber Over Self-Driving Patents
New Razer Power Bank Will Charge Your Laptop, Smartphones
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Graphics Cards > Nvidia ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, November 10, 2016
Nvidia Reports Strong Revenue


Nvidia reported a 53.6 percent surge in quarterly revenue, driven by strong demand for the company's graphics processing chips.

Non-GAAP earnings per diluted share were $0.94, up 104 percent from $0.46 a year earlier and up 77 percent from $0.53 in the previous quarter.

Revenue rose to $2.00 billion from $1.31 billion.

The company's net income rose to $542 million, or 83 cents per share, in the third quarter ended Oct. 30 from $246 million, or 44 cents per share, a year earlier.

"We had a breakout quarter - record revenue, record margins and record earnings were driven by strength across all product lines," said Jen-Hsun Huang, founder and chief executive officer, NVIDIA. "Our new Pascal GPUs are fully ramped and enjoying great success in gaming, VR, self-driving cars and datacenter AI computing.

"We have invested years of work and billions of dollars to advance deep learning. Our GPU deep learning platform runs every AI framework, and is available in cloud services from Amazon, IBM, Microsoft and Alibaba, and in servers from every OEM. GPU deep learning has sparked a wave of innovations that will usher in the next era of computing," he said.

Revenue from the company's graphics processing units business, which contributes 85 percent of its total revenue, rose 52.9 percent to $1.70 billion in the quarter.

Nvidia has diversified into newer areas, ranging from virtual reality to chips used in self-driving cars.

Revenue from the company's automotive business, which recently signed an agreement to supply chips for Tesla Motors's Autopilot system, soared 60.8 percent to $127 million.

Nvidia forecast revenue to increase to $2.10 billion, plus or minus two percent, in the current quarter.

Nvidia also increased its quarterly dividend to 14 cents per share from 11.5 cents per share and also authorized an additional $2 billion under its buyback program.



Previous
Next
Nintendo Miitomo Update Brings New Features        All News        Microsoft Says Lung-cancer Risks Can Be Detected Through Web Search Logs
AMD Radeon Open Compute Platform 1.3 Released At SC2016     Graphics Cards News      New AMD Radeon Pro WX Series Graphics Cards Now Available

Get RSS feed Easy Print E-Mail this Message

Related News
Nvidia, and AMD Increase GPU Attach Rates While Total GPU Shipments Remain Flat
Nvidia Reports Record Revenue Driven by Gaming GPUs Datacenter And Tegra
NVIDIA Powers Supercomputing Workstations with New Quadro GP100, Announce Quadro Pascal Refresh
Nvidia Announces New Ubisoft Game Bundles With GTX 1070, GTX 1080 Cards
NVIDIA Announces the G-SYNC HDR Technology
CES: Nvidia Announces New SHIELD TV, GeForce NOW service, AI Car Projects
Nvidia's GeForce GTX 1050 and 1050 Ti GPUs Bring Desktop-level Gaming to Laptops
Nvidia GTX 1050 And 1050 Ti Graphics Coming To Laptops Next Year
Free Game Bundles For GeForce and Radeon Graphics Cards
Nvidia Was The Sole GPU Maker That Increased Its GPU Shipments In Q3 2016
IBM and NVIDIA Team Up on New Platform For Deep Learning
Nvidia GeForce GTX 1050 Unveiled To Challenge AMD With A $110 Price

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .