Feeds

Gamers save Nvidia's bacon in storming fourth quarter

Gamers still sold on GPUs and Tegra 4 coming on strong

The next step in data security

Nvidia has reported better-than-expected fourth quarter financial results, with revenues of $1.14bn over the three months ending January 26, up 9 per cent on the last quarter and 3 per cent on the year-ago period.

"Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU business," said Jen-Hsun Huang, president and chief executive officer of Nvidia in a statement.

"Tesla and Quadro both achieved record annual revenue. GRID cloud technology is being evaluated at hundreds of large enterprises worldwide. And Tegra K1 is disrupting the auto industry, paving the way to self-piloted cars. The groundbreaking work we are doing in visual computing is expanding the opportunities for our GPUs."

Profits for the quarter were down 16 per cent from the year-ago period to $147m, yet Nvidia reported earnings of $0.25 per diluted share, handily beating analysts' estimates.

Nvidia's CFO Colette Kress reported that the company's GPU business was up 8 per cent on the quarter and 14 per cent on the year, thanks to reasonable sales in the PC and desktop space and strong demand from gamers for high-end kit. Sales of its super-fast GeForce GTX GPU were up over 50 per cent on the year, she noted.

The firm's Tesla GPU accelerator for the supercomputing space fared well, she said, with revenues up 20 epr cent on the year.

On the mobile side, it was a good quarter for Nvidia's Tegra 4 processor line, with units worth $131m sold and revenues up 18 per cent from the previous sequential quarter. The automotive sector bought a lot more Tegras this quarter, but demand fell in the embedded and gaming markets, Kress reported.

In a conference call with analysts the company said that Audi was building a very close relationship with Nvidia and it expected its chips to be used in everything from automotive systems to self-driving cars. Rob Csongor will be heading up the firm's moves in this area.

The firm's expenses grew slightly, largely down to increases in employee remuneration. Margins were also up, and Nvidia repurchased $37m of its own stock and paid a dividend of $0.085 per share. ®

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.