Nvidia enjoys healthy growth in its fiscal first quarter

Nvidia has released its financial results for the first quarter of its fiscal 2017. The company posted  quarterly revenue of $1.3 billion, a year-over-year gain of 13%, beating its projection of $1.26 billion for this quarter. Nvidia also made $245 million in operating income, a 39% improvement over the same quarter last year. 

  Q1 FY 2017 Q1 FY 2016 Change (YOY)
Revenue $1.30 billion $1.15 billion up 13%
Operating income $245 million $176 million up 39%
Net income $196 million $134 million up 46%
Gross margin 57.5% 56.7% up 0.8%

The company made most of its revenue from GPU sales, and most of that money came from the gaming market. GPU sales totaled $1.08 billion, up 15% year-over-year. The gaming segment accounted for $687 million of that revenue. Nvidia appears to have achieved growth in every segment of its business, and there were a couple areas with exceptional growth. The company's automotive platform took in revenue of $133 million this quarter, an increase of 47% over the same time last year. Its datacenter business took in $143 million, a year-over-year increase of 63%.

The company also released its projections for the second quarter of its fiscal 2017. Nvidia expects revenue of $1.25 billion, plus or minus two percent, with a gross margin of 57.7%, plus or minus 0.5%.


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