Nvidia posts healthy revenue, earnings growth


— 11:50 AM on August 8, 2014

Things are still looking up for Nvidia. The company has posted results for its fiscal second quarter, showing double-digit growth in both revenue and net income compared to the same quarter last year. Revenue went up 13% to $1.103 billion, and net income rose 33% to $128 million. Here are the full numbers. (As always remember that Nvidia's fiscal year is ahead of the calendar year.)

  Q2 FY'15 Q1 FY'15 Q2 FY'14
Revenue $1.103 billion $1.103 billion $977 million
Net income $128 million $137 million $96 million
Gross margin 56.1% 54.8% 55.8%

According to CEO Jen-Hsun Huang, the results can be attributed to "strong gains" in all three of the company's "growth areas": gaming, mobile, and datacenter and cloud. Huang added:

Our Tesla datacenter business is in high gear, benefiting from strong demand from cloud service providers, and our new SHIELD tablet is generating considerable excitement. ‎ NVIDIA's accelerating growth stems directly from investments in extending our visual computing leadership to the mobile-cloud revolution.

For the ongoing quarter, Nvidia expects revenue of $1.20 billion, give or take 2%, with a gross margin of 55.2%, give or take half a percentage point. Those results would potentially be up from last year's, when Nvidia posted $1.054 billion revenue and a 55.4% gross margin, but also mostly flat compared to two years ago, when the company's fiscal Q3 revenue and gross margin were $1.2 billlion and 52.9%, respectively.

   
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