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NVIDIA pulled in $1.2 billion in Q3, new record high for the company

NVIDIA reports its financial earnings, makes record profit of $1.2 billion

| Business, Financial & Legal News | Posted: Nov 8, 2012 11:30 pm

NVIDIA has reported their financial earnings today and they have posted some impressive numbers. NVIDIA pulled in a whopping $1.2 billion, which is a new record for the company. Net income was $209.1 million, with a non-GAAP income of $245.5 million. Because of these great results, NVIDIA has issued a quarterly dividend of $0.075 per share.

 

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"Investments in our new growth strategies paid off this quarter in record revenues and margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Kepler GPUs are winning across the special-purpose PC markets we serve, from gaming to design to supercomputing. And Tegra is powering some of the most innovative tablets, phones and cars in the market."

 

He continued: "We are pleased to start paying our shareholders a quarterly cash dividend. We have confidence in our businesses and our continued ability to grow. Given our strong financial position and ongoing ability to generate cash, we are well positioned to continue investing in our future."

 

NVIDIA has also announced that it will be extending its share-repurchase program through December 2014. All-in-all, Kepler appears to have contributed to make NVIDIA have a successful Q3 fiscal year 2013.

NEWS SOURCES:Nvidianews.nvidia.com

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