Well, at least one tech company is doing well lately. After posting record earnings for its third fiscal quarter, Nvidia has announced another round of record-breaking results, both for its fourth fiscal quarter and for its past fiscal year, which ended on January 27.
Here are the quarterly figures...
|Q4 FY'12||Q3 FY'13||Q4 FY'13|
|Revenue||$953.2 million||$1,204.1 million||$1,106.9 million|
|Net income||$116.0 million||$209.1 million||$174.0 million|
...and the yearly ones:
|Revenue||$3,997.9 million||$4,280.2 million|
|Net income||$581.1 million||$562.5 million|
Nvidia's fourth-quarter results are substantially better than those from a year ago. The company's yearly revenue has gone up, too, although net income is a little less than it used to be.
Or, if you prefer commentary from Nvidia's permanently upbeat CEO, Jen-Hsun Huang: "This year we did the best work in our company's history. . . . We achieved record revenues, margins and cash, despite significant market headwinds."
A slump may be on the horizon, though. Nvidia says it expects revenue of $940 million, give or take a couple percent, for the ongoing quarter. According to Reuters, that figure is well below analyst estimates of $1.067 billion. $940 million is however higher than the $924.9 million Nvidia posted for the same quarter last year.