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NVIDIA posts Q4 2013 earnings: $1.1 billion in revenue, $174 million in profit
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Earnings may be down slightly sequentially for the graphics and mobile CPU powerhouse, but things are still looking good compared to the same period last year. For the fourth quarter of fiscal year 2013 NVIDIA is reporting $1.1 billion in revenue, a small dip from last quarter’s record $1.2 billion, but up from 2012′s $950 million. That’s an increase of 16.1 percent year-over-year and, perhaps most importantly, net income was up 50 percent to $174 million. That does, however, mark a significant drop from Q3′s $209 million in profits. Still, while it didn’t offer specific numbers in its press release (those may come during the company’s earnings call later today), NVIDIA declared that its Tegra business was continuing to grow. And its GPU division continued to put up impressive numbers, raking in $3.2 billion for the year, despite a sagging PC market. If you’d like to dig into all the financial particulars check out the PR after the break.Filed under: NVIDIAComments
source: http://www.engadget.com/2013/02/13/nvidia-posts-q4-2013-earnings/
2013-02-13 15:30:34
Source: http://someit.com/2013/02/13/nvidia-posts-q4-2013-earnings/
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