Nvidia enjoys enviable Q4 2016 and fiscal 2017 growth

Nvidia disclosed how much green it made during the fourth quarter of 2016 today, along with its whole-year results for its fiscal 2017. In the fourth quarter, the company's year-on-year revenue rocketed to $2.17 billion, a 55% year-on-year increase, and it made $733 million in operating income, up a gobsmacking 191% year-on-year. Gross margin was an impressive 60%, up 3.5% from this time last year.

Nvidia's GPU division took in the vast majority of the company's Q4 revenue with $1.85 billion of the total pie. That's a 57% year-on-year increase. Nvidia says the boost came from growth across all of its GPU segments, but it put forth its GeForce consumer graphics cards and datacenter graphics businesses as particular highlights. For its part, the datacenter division took in $296 million, a 205% year-on-year increase that the company ties to sales of its cloud and deep learning services, as well as sales of its DGX-1 hardware.

In Nvidia's other businesses, the Tegra division pulled in $257 million, a 64% year-on-year increase, while the automotive division scared up $128 million that the company says is mostly related to in-car infotainment system sales. That represents a 38% year-on-year increase for the company's car hardware.

For its fiscal 2017, Nvidia raked in $6.9 billion in revenue and made $1.9 billion in operating profit. Gross margin finished out at 58.8%, up 2.7% from the company's fiscal 2016.

In the first quarter of its fiscal 2018, Nvidia expects $1.9 billion in revenue, plus or minus two percent, and gross margin is projected to fall ever-so-slightly to 59.5%. 

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