Nvidia trumpets record quarter

Big sales, income gains

Nvidia last night posted record sales and net income for the fourth quarter of its 2006 fiscal year. During the three months to January 29, the company earned $98.1m (53 cents a share) on sales of $633.6m.

That amounts to a revenue increase of 11.9 per cent year on year and 8.6 per cent sequentially, from $566.5m and $583.4m, respectively. Net income rose 104.4 per cent over Q4 FY2005's $48m total and 50.2 per cent up on the $65.3m income Nvidia reported in Q3 FY2005.

Q4 FY2006's gross margin reached 40.2 per cent, up 1.1 percentage points on the previous quarter and six percentage points on the year-ago quarter.

For the full year, Nvidia recorded revenues of $2.38bn, up 18.4 per cent from FY2005's $2.01bn. Net income totalled $302.6m ($1.65 per share), up 201.2 per cent on the $100.4m (57 cents a share) Nvidia reported for FY2005. ®

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