Feeds

Nvidia doubles profits as sales exceed $1bn

Outpacing arch-rival

Top three mobile application threats

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.

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Number crunching suggests Yahoo! US is worth less than nothing
China and Japan holdings worth more than entire company
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.