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NVIDIA 'grew solidly' last quarter, flexes green muscles once again

NVIDIA had a great last quarter, 'grew solidly'

| Business, Financial & Legal News | Posted: Aug 12, 2011 8:00 am

NVIDIA have published their earnings for their latest fiscal quarter (ending July 31) and have done a glorious job amongst all the rubble that is the stock market right now. With a revenue of $1.017 billion and an income of $151.6 million, that gives them a gross margin for Q2 2011 of 51.7-percent. Compared to last year in the same time where they saw a $141 million net loss.

 

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NVIDIA CEO, Jen-Hsun Huang says that the revenue growth is from "consumer demand for notebooks powered by our GeForce GPU, with its unique Optimus technology" - surprisingly, not the Tegra 2 processors that seem to be powering virtually every iPad competitor. NVIDIA expects revenue for the ongoing quarter to be up 4 to 6-percent from the previous quarter.

NEWS SOURCES:Techreport.com

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