NVIDIA announces financial results


— 1:38 AM on February 14, 2003

NVIDIA has announced its financial results for the fourth quarter and entirety of 2002. Check it out:

For the fourth quarter of fiscal 2003, revenues were $469.0 million, compared to $503.7 million for the fourth quarter of fiscal 2002. Net income for the fourth quarter of fiscal 2003 was $50.9 million, or $0.30 per diluted share, compared to net income of $76.0 million, or $0.43 per diluted share, for the fourth quarter of fiscal 2002.

[snip]

Revenues for the fiscal year ended January 26, 2003 were $1.91 billion, an increase of 39 percent compared to revenues of $1.37 billion for the fiscal year ended January 27, 2002. Net income for the fiscal year ended January 26, 2003 was $90.8 million, or $0.54 per diluted share, compared to net income of $176.9 million, or $1.03 per diluted share, for the fiscal year ended January 27, 2002.

Though not as good as 2001's results, when ATI wasn't as well-equipped a competitor, the financial results suggest that fanboys prophesizing NVIDIA's demise are probably way off. The GeForce FX may be loud, hot, and expensive, but NVIDIA's diverse line of graphics products, nForce chipsets, and Xbox contract should keep the company afloat for the foreseeable future.
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