Looks like NVIDIA is still doing well. NVIDIA announced revenue of $954.7 million and net income of $77.9 million for fiscal Q1 2014. Revenue is up 3.2 percent year-over-year while profit is up 29.0 percent year-over-year, but compared to the previous quarter sales are down 13.7 percent and profit declined by 55.2 percent. For fiscal Q2 2014, NVIDIA anticipates a revenue of $975 million, plus or minus 2 percent.
NVIDIA (NASDAQ: NVDA) today reported revenue for the first quarter of fiscal 2014, ended April 28, 2013, of $954.7 million, down 13.7 percent from $1.11 billion in the fourth quarter of fiscal 2013.
GAAP earnings per diluted share were $0.13, down 53.6 percent from $0.28 in the prior quarter. Non-GAAP earnings per diluted share were $0.18, down 48.6 percent from $0.35 in the prior quarter.
As previously announced, NVIDIA plans to return in excess of $1 billion this fiscal year to shareholders in the form of share repurchases and quarterly dividend payments. During the first quarter, NVIDIA returned $146.3 million to shareholders by repurchasing $100 million of shares, and paying $46.3 million of dividends, or $0.075 per share. As part of NVIDIA's capital return program, the company plans to continue its quarterly dividend program at $0.075 per share and to return additional cash of at least $750 million during fiscal 2014, largely through a structured share repurchase program.
"The success of Kepler-based GPUs within and beyond the PC helped drive another quarter of record margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Kepler is capturing share among gamers, strengthening our workstation and supercomputing segments, and will fuel new growth opportunities for our GRID server graphics solutions. With Tegra 4 devices and Tegra 4i certification on the way, we're gearing up to return to growth in the second half."
NVIDIA Project Denver in 2015 + Roadmap - 03/20/2013 09:40 AM
NVIDIA revealed at the GPU Technology Conference that the first Project Denver based Tegra SoC is coming in 2015. Codenamed Parker, this chip will feature 64-bit ARMv8 cores along with graphic based o...
NVIDIA PhysX and APEX support announced for Sony PS4 - 03/08/2013 09:11 AM
NVIDIA announced that it will provide PhysX and APEX support for the AMD-based Sony PlayStation 4 console:NVIDIA today announced support for Sony Computer Entertainment's PlayStation®4 with the popu...
NVIDIA PhysX effects in Hawken - 01/31/2013 09:33 AM
One of the new games with PhysX support is Hawken, a free-to-play mech-based multiplayer shooter. NVIDIA created a video that shows off the game's PhysX capabilities. Developed using Unreal Engine 3...
nVIDIA PhysX System Software 9.12.0213 download - 02/21/2012 04:25 PM
Download nVIDIA PhysX System Software 9.12.0213 Supports NVIDIA PhysX acceleration on all GeForce 8-series, 9-series, 100-series, 200-series, 300-series, 400-series, 500-series, and 600-series GPUs ...
NVIDIA posts fiscal Q3 2012 profit of $178.3 million - 11/14/2011 12:15 PM
NVIDIA reported its fiscal Q3 2012 results: -- Revenue increased 4.9 percent to $1.07 billion from $1.02 billion in the previous quarter.-- GAAP net income was $178.3 million, or $0.29 per diluted sh...
Post New Comment
Click here to post a comment for this news story on the message forum.