Feeds

Nvidia reports Q2 income jump

Despite sequential sales dip

Build a business case: developing custom apps

Nvidia's earnings bloomed during its second fiscal quarter, despite a slight dip in sales, the graphics chip maker revealed yesterday.

For the three months to 31 July 2005, Nvidia realised revenues of $574.8m, up 26 per cent on the year ago quarter's $456.1m, but down 1.5 per cent on the previous quarter.

Q2 FY2006 net income jumped 16.1 per cent sequentially and almost fifteenfold year on year to $74.8m (41 cents a share). That's the highest quarterly net income Nvidia has posted since the $83.2m (47 cents a share) it posted in Q1 FY2003 (calendar 2002).

The company recorded "strong" year-on-year revenue growth for its Quadro workstation graphics chips, and its nForce system logic products - sales were up 40 and 128 per cent, respectively, Nvidia said. It also claimed good growth for desktop GPU sales, but did not provide a figure.

The company also launched its GeForce 7800 GT chip yesterday, the follow-up to the higher-end 7800 GTX launched in June. This month has also seen the release of two new Quadro chips, the FX 4500 and FX 3450, both bringing SLi support to the workstation segment.

For the first six months of fiscal 2006, Nvidia reported a net income of $139.3m (77 cents a share) on sales of $1.16bn, both up 425.7 and 25 per cent, respectively, over H1 FY2005.

Arch-rival ATI's most recently completed quarter, the third of fiscal 2005, running to 31 May 2005, saw the company report a net loss of $400,000 on sales of $530m. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.