SANTA CLARA, CA. – August 21, 2000 – NVIDIA Corporation (Nasdaq: NVDA) today reported record record revenues and earnings for the second quarter of fiscal 2001 ended July 30, 2000.You can read the full press release if you'd like.
For the second quarter of fiscal 2001, revenues increased to $170.4 million, compared to $78.0 million for the second quarter of fiscal 2000, an increase of 118 percent. Operating income for the second quarter of fiscal 2001 was $29.0 million, compared to $9.5 million in the second quarter of fiscal 2000. Net income for the second quarter of fiscal 2001 was $22.5 million, or $0.28 per fully diluted share, compared to $6.7 million, or $0.09 per fully diluted share for the second quarter of fiscal 2000.
Meanwhile, 3dfx announced last week that its second-quarter results won't be released until after the market closes on August 29, alongside a conference call for investors. It appears the company's part shortages cut deep this time around. The press release about the delayed results included a note of warning on quarterly revenues from 3dfx's President:
"The situation relating to the availability of components, combined with competitive and retail seasonality factors have all negatively impacted our revenues for the second quarter," Leupp said. The company stated that revenue for the fiscal 2001 second quarter will be approximately $65 million.That is not good news, but this press release from yesterday is:
SAN JOSE, Calif.- August 21, 2000 -3dfx Interactive® Inc. (NASDAQ:TDFX) today announced that in its first month of sales, Voodoo5 5500 AGP was the number one selling video card at retail, as reported by leading market research firm, PC Data, Inc. Voodoo5 out sold its nearest retail competitor products in revenue and units sold by a more than 2:1 margin. The Voodoo5 5500 AGP outsold the combined totals of the two closest competitors by more than 25 percent. Both competitor cards feature an nVIDIA GeForce2 processor.3dfx once again leads at retail, its traditional strength. The V5 ought to be a strong seller; it's a decent card with good backward compatability, and the retail package is way better than the (nearly) empty black box from Creative. Let's hope 3dfx can keep hanging on and deliver a seriously competitive next-gen product.