Sunday, December 11, 2016
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple AirPods Will Miss Holiday Season
Japan Display To Receive ¥50 bil. Support From Government
Google Said to Bring Internet To Cubans
Super Mario Run Won't Play Offline
U.S. Confirms Samsung and LG Dumped Washers
Xiaomi Electric Vehicle Launch on Monday, Yeelight LED Ceiling Light Launched
Hon Hai, Sharp To Build Massive LCD TV Plant In China
U.S. To Review Cyber Attacks Beyond 2016 Election
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > NVIDIA ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, August 11, 2006
NVIDIA Reports Record Revenue For The Second Quarter Of Fiscal Year 2007


NVIDIA today reported its revenue for the second quarter of fiscal 2007 ended July 30, 2006.

For the second quarter of fiscal 2007, revenue increased to a record $687.5 million, compared to $574.8 million for the second quarter of fiscal 2006, an increase of 20 percent. Revenue for the six months ended July 30, 2006 was a record $1.37 billion, compared to revenue of $1.16 billion for the six months ended July 31, 2005, an increase of 18 percent.

"We are delighted to deliver another record quarter," stated Jen-Hsun Huang, president and CEO of NVIDIA. "Our growth was driven by strong performance from numerous product groups ? desktop GPU, notebook GPU, MCP, professional solutions and handheld GPU. As the industry continues to shift its focus to the multimedia experience for consumers, the GPU is becoming increasingly important in a broad range of computing and consumer devices. We are excited about our growth opportunities ahead."

NVIDIA also announced today that the Audit Committee of the Board of Directors is conducting a voluntary review of the Company?s stock option practices covering the time from the Company?s initial public offering in 1999 through the current fiscal year. The Audit Committee is conducting this review with the assistance of outside legal counsel. The Company has voluntarily contacted the Securities and Exchange Commission staff to inform them about the ongoing review.

Although the review is ongoing, the Audit Committee has reached a preliminary conclusion that incorrect measurement dates were used for financial accounting purposes for stock option grants in certain prior periods. As a result, NVIDIA may record additional non-cash stock-based compensation expense related to stock option grants. Any additional non-cash stock-based compensation expense recorded will not affect the Company?s cash position or reported revenue for the recently completed quarter or any previous periods.

NVIDIA does not expect to be in a position to announce additional financial results for the second quarter until the Audit Committee has completed its review. At this time, the Company does not expect to be in a position to file its Form 10-Q for the second fiscal quarter by the September 8, 2006 filing deadline or the permitted extension to September 13, 2006.


Previous
Next
Sony's First Blu-ray disc drive won't play Blu-ray movies!        All News        EA Scores the Biggest Names in Soccer for FIFA 07
USA Michigan attorney general charges companies with e-mail violation     General Computing News      LinuxWorld San Francisco Kicks Off Next Week

Get RSS feed Easy Print E-Mail this Message

Related News
Nvidia GTX 1050 And 1050 Ti Graphics Coming To Laptops Next Year
Free Game Bundles For GeForce and Radeon Graphics Cards
Nvidia Was The Sole GPU Maker That Increased Its GPU Shipments In Q3 2016
IBM and NVIDIA Team Up on New Platform For Deep Learning
Nvidia Reports Strong Revenue
Nvidia GeForce GTX 1050 Unveiled To Challenge AMD With A $110 Price
NVIDIA Launches New AI Technology At Third Regional GPU Tech Conference
Nvidia GPUs Could Return To Apple Macs
Gears of War 4 GeForce GTX Bundle Includes A Full-Game Download For PC
Nvidia Tesla P4, P40 Accelerators Focus On Deep Learning, Palm-sized DRIVE PX 2 Computer To Power Baidu car
GeForce Experience 3.0 Released
Baidu and NVIDIA Team Up on Map-to-Car Platform for Self-Driving Cars

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .