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.