Feeds

Nvidia doubles profits as sales exceed $1bn

Outpacing arch-rival

The Power of One Infographic

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.

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.