Saturday, June 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
FCC to Seek for Flexible Use of C-band and 6GHz Airwaves
AMD Presents Modular Routing Design for Chiplet-based Systems
Software Business Continues to Work For BlackBerry
Apple Turns to the U.S. Patent Office to Invalidate Qualcomm Patents
Samsung Patents Bezel-less, Notch-free Smartphone Design
China is Home to Most Smartphone Vendors
VidCon 2018: Youtube Announces Memberships, Merchandise as Alternatives to Ads
Chatting With Google Assistant Gets More Natural
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 > Graphics Cards > Nvidia'...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, November 11, 2011
Nvidia's Quarterly Results Beat Estimates


Nvidia's third-quarter results beat estimates as the chipmaker refocused on smartphones and tablets, although its revenue forecast was a bit lower than expected.

NVIDIA today reported revenue of $1.07 billion for the third quarter of fiscal 2012 ended Oct. 30, 2011, up 4.9 percent from the prior quarter, and up 26.3 percent from $843.9 million in the same period a year earlier.

GAAP earnings were $178.3 million, or 29 cents per share, compared with $84.9 million, or 15 cents a share, in the same period a year earlier.

"NVIDIA's strategy is coming into its own, as the world becomes increasingly visual and mobile," said Jen-Hsun Huang, president and chief executive of NVIDIA. "Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market. With Tegra 3 phone wins well ahead of Tegra 2's pace, we're expecting strong growth in the year ahead."

Nvidia has jumped into mobile devices with its Tegra chips in the last couple of years and its first processors appearing in tablets made by Samsung and LG last year. The company now hopes that its latest Tegra 3 mobile processor (Project Kal-El) will offer the company a strong growth in the year ahead. However, Nvidia faces growing competition from chip heavyweights Qualcomm Inc and Texas Instruments Inc.

The company's sales in its Professional Solutions group, which includes graphics chips used in workstations, grew 9.5 percent sequentially in the third quarter.

Nvidia's main GPU business, which includes graphics chips used in PCs and revenue from a licensing deal with Intel, rose 1 percent from the second quarter.

Nvidia's Consumer Products group, which includes the Tegra chips, rose 14 percent sequentially to $191 million in the quarter.

Chief Executive Jen-Hsun Huang in September said Tegra revenues would reach $1 billion next year.

Fears of a slowdown in PC manufacturing late this year and in 2012 due to the flooding in Thailand could also have an impact on Nvidia's business, as global PC shipments are expected to fall, weakening the demand for Nvidia's computer graphics chips.


Previous
Next
October Game Sales Slightly Rise, Xbox 360 Remains No 1 Console In The U.S.        All News        Facebook To Settle Privacy Probe With FTC
NVIDIA Maximus Revolutionizes the Workstation     Graphics Cards News      NVIDIA GeForce 285.79 Beta Drivers Released

Get RSS feed Easy Print E-Mail this Message

Related News
NVIDIA CEO Springs Special Titan V GPUs on Elite AI Researchers
Nvidia Uses AI to Produce High-quality, 240fps Slow-motion Video From 30fps Source
Computex: NVIDIA Announces $1,300 Isaac Platform for Building Robots
Hot Chips Symposium: Nvidia's Next Generation GPU, Intel Xeon Cascade Lake Processors and More
NVIDIA Introduces HGX-2, Fusing HPC and AI Computing
AMD Increased GPU Market Share in Q1
Nvidia Releases the 3GB GeForce GTX 1050 to Attract More PC Gamers
Data Center and Gaming Business Boost Nvidia's Revenue
Nvidia Kills the GeForce Partner Program
Nvidia Climbs Top 10 List of Chip Sellers
Nvidia Boosts GPU Performance in training Neural Networks, Partners With Arm Partner to Bring Deep Learning to IoT
NVIDIA Quadro GV100 GPU Announced for the Age of Deep Learning

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .