Nvidia posts record financial results yet again


— 9:29 AM on February 14, 2008

In an announcement that shouldn't surprise anyone following Nvidia's business performance, the graphics company has revealed record financial results yet again—this time for the fourth quarter of its 2008 fiscal year. The announcement marks Nvidia's third consecutive record quarter, after equally record-breaking third and second fiscal quarters.

For Nvidia's fourth fiscal quarter, which ended on January 27, 2008, Nvidia posted revenue of $1.2 billion and net income of $257 million. The revenue figure represents a rise of 37% over Nvidia's sales of $878.9 million a year ago, and the net income figure is 57% greater than the $163.5 million Nvidia posted in the same time frame the year prior.

Nvidia's 2008 fiscal year has been a record-breaking one as a whole, too. The firm says it had annual revenue of $4.10 billion and net income of $797.6 million, compared to revenue of $3.07 billion and net income of $448.8 million for its 2007 fiscal year.

Nvidia chalks up the results to strong graphics processor demand in all markets, not to mention 80% year-over-year growth in its discrete GPU business in the fourth fiscal quarter. The advent of Windows Vista and the GeForce 8 series' popularity can probably also be credited with helping Nvidia's bottom line, as can AMD's difficulties staying competitive during much of last year.

   
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