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

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.