Nvidia reports a profit for last quarter

Good news for Nvidia shareholders: the company seems to have bounced back from its none-too-pleasing second quarter, posting an $84.9-million net profit for its third fiscal quarter ended October 31. Here are the raw numbers:

  Q3 FY'10 Q2 FY'11 Q3 FY'11
Revenue $903.2 million $811.2 million $843.9 million
Net income $107.6 million -$141 million $84.9 million
Gross margin 43.4% 16.6% 46.5%

CEO Jen-Hsun Huang commented in the results announcement, "We have turned the corner. . . . We have restored our speed of execution and are regaining share in desktops." Of course, Nvidia isn't quite doing as well as it was a year ago—but that was before AMD got a real head start in the DirectX 11 market.

Looking ahead, Nvidia expects fourth-quarter revenue to climb 3-5%, although its gross margin should remain flat.

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