Feeds

Nvidia Q4 sales best yet - almost

But income a long way from historical high

  • alert
  • submit to reddit

SANS - Survey on application security programs

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

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.