Feeds

Nvidia Q4 sales best yet - almost

But income a long way from historical high

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Nvidia yesterday reported the second-highest quarterly sales in the company's history with Q4 FY2005 revenues jumping to $566.5m, just shy of the $582.9m it recorded for Q1 FY2003.

The most recently completed quarter's figure represents growth of 9.9 per cent sequentially and 20 per cent over the year-ago quarter.

Net income for the three months to 30 January 2005 came to $48m (27 cents a share), up 85.3 per cent on the $25.9m (15 cents a share) it reported last quarter and 98.3 per cent on Q4 FY2004's income of $24.2m (14 cents a share).

For the fiscal year as a whole - described by CEO Jen-Hsun Huang as a "turning point" for the company - Nvidia's sales hit $2.01bn, up 10.4 per cent on FY2004's total, $1.82bn. Net income for FY2005 totalled $100.4m (57 cents a share), up 35 per cent on the previous year's $74.4m (43 cents a share).

Still, the year had its share of trouble for the company. During the third quarter of calendar 2004, Nvidia ceded its leadership in the standalone graphics chip market to ATI, though Q4's figures showed it begin to claw back some of the sales lost to its arch-rival.

Turning to the current year, FY2006, Huang stressed Nvidia's focus on driving income growth and improving margins to "historical levels". The company has some way to go. It might be getting sales back up to the level it has enjoyed in the past, but its income was barely half of the $83.2m it made in the record-setting Q1 FY2003.

ATI's most recently completed quarter, Q1 FY2005, which ended on 30 November 2004, two months before Nvidia's quarter ended, saw the company post income of $63.7m on sales of $613.9m. ®

Related stories

Nvidia updates GoForce phone chip
Nvidia 'nForce for Intel' wins PCI-E certificate
Nvidia updates mobile Quadro FX graphics chip line
Intel, Nvidia were Q4's graphics chip winners
Nvidia chisels away at ATI market share
PCI Express pushes ATI sales up
ATI trounces Nvidia in desktop, mobile, integrated markets

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.