Feeds

Nvidia staggers off the mat

Revenues up/down

High performance access to file storage

Nvidia had some good news and some bad news for its investors in its first quarter results for its fiscal year 2010, announced Thursday.

First the bad news: revenue for the quarter was $664.2m (£442.2m), a decrease of 42 percent compared to $1.2bn (£799m) during the same period last year.

Now the good news: that $664.2m was an increase of 38 percent over the previous horrific quarter, when the company pulled in a mere $481.1m (£320.3m).

And finally, the bottom line: for Q1 2010, Nvidia reported a net loss of $201.3m (£134m).

But co-founder, president, and CEO Jen-Hsun Huang sees light at the end of the tunnel - not the proverbial onrushing train, but the onrushing release of Windows 7 coupled with increasing sales of its low-end Tegra "computers-on-a-chip" and its high-end Tesla "ready-to-install supercomputer".

In a conference call with analysts and reporters, Huang rhapsodized over the new DirectX11 graphics in Windows 7. "DXCompute is the single most important new API from Windows 7," he said. "What's exciting to me is that come Windows 7, when DXCompute comes out, the difference between a computer that has DXCompute accelerated by a GPU versus one that does not is not 10, 15 per cent. It's 10, 20, 30 times."

Guess who makes GPUs that will take advantage of that API? Bingo.

Huang also said that Nvidia has 500 people working on the tiny, 1-watt Tegra, which he called "absolutely magical" and offered the opinion that the devices it powers will enable "The second personal-computer revolution."

He also said that he expects sales of the company's Tesla GPU-computing clusters to keep growing and that he'd "be delighted" if they could reach a run rate of $100m by the end of the fiscal year year.

In between the tiny Tegra and the beefy Tesla, however, things aren't as rosy. Here in the middle of the Meltdown, the story is the same no matter which technology CEO you listen to - and Huang is no exception. "Corporate demand...has not shown any signs of economic recovery at this time."

Although Huang claims that "We think there are opportunities for us to innovate our way out," times - though improving - remain tough for Nvidia. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
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
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
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.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.