After a few tough quarters, Nvidia is finally out of the red. The company has posted $107.6 million in net profits for the third quarter of its 2010 fiscal year (ended on October 25), contrasting with sizable losses in its fiscal Q2, fiscal Q1, and the fourth quarter of its previous fiscal year.
Here's how the latest results compare against the previous quarter and the same quarter a year ago:
|Q3 FY2009||Q2 FY2010||Q3 FY2010|
|Revenue||$897.7 million||$776.5 million||$903.2 million|
|Net income||$61.7 million||-$105.3 million||$107.6 million|
Nvidia actually managed to beat last year's numbers, posting 6% higher revenue and 74% higher net profits. Company CEO Jen-Hsun Huang credits "healthy market demand across the board" for the growth, adding that Nvidia saw improvements in each of its businesses. That growth sounds roughly in line with what AMD and Intel have reported recently.
Looking at the ongoing quarter, Nvidia expects revenue to go up slightly ("approximately 2 percent"), while gross margin should remain in the 40-42% range.