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Appeared on: Friday, November 09, 2007
Nvidia Posts Quarterly Revenue Record

Nvida today reported financial results for the third quarter of fiscal 2008 ended October 28, 2007.

For the third quarter of fiscal 2008, revenue increased to a record $1.12 billion compared to $820.6 million for the third quarter of fiscal 2007, an increase of 36 percent.

For the nine months ended October 28, 2007, revenue increased to a record $2.90 billion compared to $2.19 billion for the nine months ended October 29, 2006, an increase of 32 percent.

"We are very proud to have achieved our first billion dollar quarter. And, while it is a wonderful milestone to reach, we believe this is just the beginning," said Jen-Hsun Huang, president and CEO of NVIDIA.

Third Quarter Fiscal 2008 and Recent Highlights:

- The GeForce desktop and notebook GPU product lines each achieved record revenue. The desktop GPU product line grew 33 percent year-over-year and the notebook GPU product line grew 120 percent year-over-year.

- NVIDIA shipped its first-ever single-chip motherboard GPUs (mGPUs) for Intel-processor-based desktop PCs ? the NVIDIA GeForce 7000 mGPU family. NVIDIA launched the new GeForce 8800 GT GPU, which combines high gaming performance and HD playback at the $199 price point.

- The Quadro Professional Solutions Business achieved record revenue, growing 37 percent year-over-year. NVIDIA launched seven new Quadro solutions during the third quarter of fiscal 2008, most notably the Quadro FX 370 and 570, which deliver ISV-certified hardware at the sub-$200 price point.

- NVIDIA began shipments of the Tesla C870 GPU computing processor and D870 desk-side supercomputer products during the third quarter of fiscal 2008.


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