Nvidia coffers fill with cash
PrintRecession? What recession?
Posted in Business, 9th November 2001 07:24 GMT
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The PC industry is suffering its worst recession, not that Nvidia, a key component supplier, notices.
The graphics chipmaker turned in record revenues and profits in Q3, ended October 28, 2001. Sales were $372m, 87 per cent up on last year's Q1 ($198.2m). This points to a big jump in market share.
Net income was $44.7m, against $28.1 million in Q3, last time around.
Nine month revenues were $871.4m, 69 per cent up on the same period last year ($517m). Net income was $104.1m, compared with net income of $68.9m for the nine months ended October 29, 2000.
Next calendar year could be even better for the company which points to "multiple growth drivers" formed through design wins for the Mac and Xbox, and workstations as well as its core PC maker customer base. ®
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