Feeds

Nvidia doubles profits as sales exceed $1bn

Outpacing arch-rival

The next step in data security

Nvidia last night reported record revenues - for the first time it passed the $1bn mark - when it announced its third-quarter financials. The graphics chip maker's profits were up more than double what they were in the year-ago quarter.

The three months to 28 October 2007 - Q3 FY2008 - yielded the company a net income of $235.7m - 38 cents a share - on revenues of $1.12bn. That's up 121.3 per cent and 36.5 per cent, respectively, on Q3 FY2007's income of $106.5m and $820.6m.

The quarter was well up on Nvidia's Q2 FY2008 performance too, with net income up 36.5 per cent from $172.7m and revenue up 19.8 per cent from $935.3m.

Nvidia's announcement comes a week after market watcher Jon Peddie Research (JPR) reported strong growth in the company's GPU shipments to the detriment of Intel and, to a greater extent, AMD, owner of Nvidia's arch-rival, ATI.

Nvidia is fast catching up with Intel, long the graphics market leader thanks to its array of PC chipsets that feature integrated graphics engines. According to JPR's numbers, ATI took a big hit when it announced in Q3 2006 that it was merging with AMD, a drop from which it has never recovered.

AMD has said it will launch the world's first 55nm GPU, codenamed 'RV670', "mid-November", and it's banking on the new part winning business lost to Nvidia.

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Why Oracle CEO Larry Ellison had to go ... Except he hasn't
Silicon Valley's veteran seadog in piratical Putin impression
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.