Nvidia posts record revenues
Highest profits for three years, too
Nvidia last night posted a record quarterly revenue and the highest net income the company has seen in three years.
For the three months to 1 May 2005 - or Q1 FY2006 - Nvidia notched up $583.3m in sales, three per cent up on the previous quarter and 23.6 per cent up on Q1 FY2005.
Net income came to $64.4m (36 cents a share), Nvidia's highest quarterly profit since Q1 FY2003's $83.2m, reported back in May 2002. Q1 FY2006's total was 34.2 per cent up on the previous quarter and 202.4 per cent up on the year-ago quarter.
Nvidia's quarterly earnings and revenue figures both beat analyst expectations, based on Thomson Financial averages of 28 cents a share and $581.2m, respectively.
"We have solidly returned our company to growth," said Jen-Hsun Huang, Nvidia's president and CEO. ®
Nvidia to launch G70 'at Computex'
ATI Tech weakness hands opportunity to Nvidia
ATI multi-card rendering details emerge
Intel snatches mobile graphics lead from ATI
Nvidia ships nForce for Intel
ATI posts 'strong' Q2 sales gains
Nvidia ships 'world's fastest' notebook graphics chip
Nvidia Q4 sales best yet - almost
Sponsored: Network DDoS protection