Feeds

Nvidia staggers off the mat

Revenues up/down

Internet Security Threat Report 2014

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.