NVIDIA financials disappoint

— 3:26 AM on August 6, 2004

NVIDIA has reported second quarter financial results that show declines in both revenue and net income from last year. Revenues dropped from $459.8 million in the second quarter of last year to $456.1 million in the second quarter of this year, and net income was down from $24.2 million to only $5.1 million over the same period.

“Q2 was challenging and disappointing as the desktop GPU segment declined significantly as a result of several unusual market events,” stated Jen-Hsun Huang, president and CEO of NVIDIA. “A major highlight, however, was shipping significant volumes of our GeForce™ 6800, the industry’s first Shader Model 3.0 GPU. We have once again taken the technology lead with GeForce 6 and are aggressively driving it deeper into the mainstream and value desktop, notebook and professional business segments. Our bold strategy to bring a fundamentally new architecture to the PCI Express transition has resulted in winning key design wins in each segment.”
Huang doesn't provide details on exactly what those "unusual market events" were, but it's encouraging to see him talking about aggressively moving GeForce 6 technology into mainstream, value, and notebook markets.
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