Wednesday, August 15, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Trendforce Confirms New iPhone Launch This Fall, Including a Budget Version
NVIDIA Unveils Turing Architecture, Quadro RTX Ray-Tracing GPU
AMD Says New 2nd Generation, 32-core AMD Ryzen Threadripper Processors Break Boundaries of High-End Desktop Market
HyperX Announces the HyperX Gaming microSD Cards
Fraunhofer Scientists Find Dangerous Security Holes in Tracker Apps
Samsung Announces New SmartThings Mesh Wi-Fi System
Google Tracks Your Movements No Matter What
iPhone 9 Will Feature Apple's New LCD Display Bezel Technology
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 > GPUs an...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 10, 2017
GPUs and AI Boost NVIDIA's Revenue for First Quarter Fiscal 2018


Nvidia reported a 48.4 percent jump in quarterly revenue, helped by demand for its graphics chips and its diversification into areas such as self-driving systems and artificial intelligence.

The company also forecast revenue of $1.95 billion, plus or minus 2 percent, for the current quarter.

Revenue from Nvidia's gaming business, which includes the GeForce graphics card series, rose nearly 50 percent to $1.03 billion in the first quarter. The business accounted for 53 percent of the company's total revenue in the quarter.

Nvidia has been able to avoid the downturn in the PC market by focusing on the development of high-end graphics cards that command premium prices.

Data center revenue more than doubled in the first quarter to $409 million, handily beating analysts' estimates of $318.2 million, according to FactSet.

Revenue in Nvidia's automotive business, which produces the DRIVE PX 2 self-driving system used by Tesla, reported a roughly 24 percent rise to $140 million.

"The AI revolution is moving fast and continuing to accelerate," said Jensen Huang, founder and chief executive officer of NVIDIA. "NVIDIA's GPU deep learning platform is the instrument of choice for researchers, internet giants and startups as they invent the future.

"Our Datacenter GPU computing business nearly tripled from last year, as more of the world's computer scientists engage deep learning. One industry after another is awakening to the power of GPU deep learning and AI, the most important technology force of our time," he said.

The company's net income rose to $507 million in the quarter ended April 30, from $208 million a year earlier.

Nvidia's revenue increased to $1.94 billion from $1.31 billion.



Previous
Next
Google 'Street View ready' Program Brings New 360-degree Cameras        All News        Amazon's New Echo Adds a Touchscreen and Video Calling
Imagination Debuts First PowerVR Series8XT IP Core Based on New Furian GPU Architecture     Graphics Cards News      New Ryzen CPUs and Graphics Processors Boost AMD's Profit

Get RSS feed Easy Print E-Mail this Message

Related News
NVIDIA Unveils Turing Architecture, Quadro RTX Ray-Tracing GPU
NVIDIA Teases With GeForce Event Ahead Of Gamescom 2018
DARPA to Work With Nvidia, Qualcomm, IBM and Intel on Post-Moore's-law Projects
Daimler, Bosch to Use NVIDIA DRIVE for Robotaxi Fleets
Nvidia's GeForce GT 1030 With DDR4 Instead of GDDR5 Could Disappoint You
Nvidia GeForce GTX 1180 Powered by New GT104 GPU Appears Online
NVIDIA Adds New High-Performance Computing Containers to GPU Cloud
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

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 .