Nvidia posts record-breaking quarterly revenue

Guess who else just had a strong quarter? Nvidia posted results for the third quarter of its 2015 fiscal year yesterday. Not only did the company's revenue set a new record, but it also exceeded Wall Street's expectations, according to Reuters. Revenue was up 16% from last year and 11% from the previous quarter:

  Q3 FY'15 Q2 FY'15 Q3 FY'14
Revenue $1.225 billion $1.103 billion $1.054 billion
Net income $173 million $128 million $119 million
Gross margin 55.2% 56.1% 55.4%

Nvidia CEO Jen-Hsun Huang attributed the strong results to growth in Nvidia's datacenter, mobile, and PC businesses:

"Growth drivers have kicked in for us on several fronts. High-performance computing, virtualization and web service providers have created demand for our GPU-accelerated datacenter platforms. Automakers are using Tegra to help reinvent the driving experience. And our new Maxwell architecture is a giant leap forward that has triggered a major upgrade cycle by PC gamers."

For the ongoing quarter, Nvidia expects revenue of $1.2 billion, give or take 2%, with gross margin of 55.2%, plus or minus half a percentage point. For reference, revenue for the same quarter last year was $1.14 billion, and gross margin added up to 54.1%.

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