Nvidia touts 'best first quarter ever'


— 6:00 AM on May 12, 2008

Jon Peddie Research reported last month that graphics processor shipments tumbled in the first quarter by the largest amount since 2005. Judging by Nvidia's latest financial results, though, the drop hasn't quite hurt everybody. For its first 2009 fiscal quarter, which ended on April 27, Nvidia has posted revenue of $1.15 billion and net income of $176.8 million.

That revenue figure represents a 37% year-over-year increase compared to the $844.3 million Nvidia posted for its first 2008 fiscal quarter, and the net income number is 34% bigger than last year. Nvidia didn't do too badly compared to its record-breaking fourth 2008 fiscal quarter, either: its revenue only dipped 4%, and its profits went down around 31%.

Overall, Nvidia seems pretty pleased with itself. In the results announcement, Nvidia CEO Jen-Hsun Huang calls this first fiscal quarter the company's "best first quarter ever," crediting a 42% year-over-year growth in GPU sales for the good results. Nvidia also saw "record revenue" in its Professional Solutions Business, which grew 44% compared to last year.

 
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