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%.