Feeds

Nvidia posts record quarter

Income down, though

Choosing a cloud hosting partner with confidence

Nvidia yesterday reported record revenues for the first quarter of its 2007 financial year. Sales totalled $681.8m, up 17 per cent on the year-ago quarter's $583.8m and 7.6 per cent up on the previous quarter's $633.6m.

However, GAAP net income was down sequentially, falling 7.5 per cent from $98.1m (26.5 cents a share) to $90.7m (23 cents a share). Still, Nvidia's profit was well up on Q1 FY2006's $64.4m (18 cents a share). Last month, Nvidia ran a two-for-one share split. The quarter's income includes a $23m stock-based compensation expense.

The quarter's GAAP gross margin was 42.4 per cent. The company cited Mercury Research numbers putting its share of the high-end gaming-oriented graphics chip market at 83 per cent in Q1 of calendar 2006, up from 79 per cent in the previous quarter.

Nvidia also said Mercury's numbers give it 42 per cent of the AMD-oriented chipset market in Q1, but the company's overall chipset market share - targeting Intel as well as AMD platforms - was nine per cent, below ATI's 12 per cent share. ATI had 28 per cent of the AMD chipset market during the calendar quarter.

"We experienced growth in each of our businesses - GPU, MCP, handheld GPU, and consumer electronics - resulting in record revenue for the first quarter," Nvidia president and CEO Jen-Hsun Huang said. ®

Beginner's guide to SSL certificates

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Xperia Z3: Crikey, Sony – ANOTHER flagship phondleslab?
The Fourth Amendment... and it IS better
Don't wait for that big iPad, order a NEXUS 9 instead, industry little bird says
Google said to debut next big slab, Android L ahead of Apple event
Microsoft to enter the STRUGGLE of the HUMAN WRIST
It's not just a thumb war, it's total digit war
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
A drone of one's own: Reg buyers' guide for UAV fanciers
Hardware: Check. Software: Huh? Licence: Licence...?
The Apple launch AS IT HAPPENED: Totally SERIOUS coverage, not for haters
Fandroids, Windows Phone fringe-oids – you wouldn't understand
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.