Maybe it's the sheer popularity of the firm's Tegra 3 chips. Maybe it's all the new 6-series GeForces. Most likely, it's both. In any case, Nvidia enjoyed some very strong results this past fiscal quarter. Revenue hit $1.2 billion, a new record that represents double-digit percentage growth from both the previous quarter and the same quarter a year ago. Gross margin also reached a record high, at 52.9%.
Things are looking so good that Nvidia has issued a dividend to shareholders, to the tune of 7.5 cents per share.
Here's a quick run-down of the firm's earnings compared to previous quarters. Keep in mind the quarter we're referring to was the third of Nvidia's 2013 fiscal year, and it ended on October 28.
|Q3 FY'12||Q2 FY'13||Q3 FY'13|
|Revenue||$1,066.2 million||$1,044.3 million||$1,204.1 million|
|Net income||$178.3 million||$119.0 million||$209.1 million|
Here's some commentary from Nvidia CEO Jen-Hsun Huang. It sounds like all of the company's key businesses performed well:
"Investments in our new growth strategies paid off this quarter in record revenues and margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market."
Things are shaping up nicely this quarter, too. Nvidia predicts revenue will reach $1.025-1.175 billion, a potentially sizable jump from the $953.2 million the firm posted a year before. Gross margin is expected to fall between 52.9 and 53.1%, roughly flat sequentially but up slightly from 51.4% the fourth quarter of Nvidia's previous fiscal year.
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