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NVIDIA sees 48% leap in quarterly revenue

NVIDIA has yet another great quarter, riding strong demand, and owning the datacenter
By: Anthony Garreffa | Business, Financial & Legal News | Posted: May 10, 2017 2:25 am

NVIDIA has come out swinging with its quarterly financial report yet again, with the company seeing a huge 48.4% increase in quarterly revenue, thanks to the never ending demand for its GPUs that are used in gaming PCs, cloud computing, AI, the data center world, and more.

 

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NVIDIA's future HQ

 

NVIDIA's data center revenue saw nearly double the revenue in Q1 2017 up to $409 million, beating analysts' expectations of $318.2 million, according to FactSet. Chief Financial Officer Colette Kress said: "All of the world's major internet and cloud service providers now use NVIDIA's Tesla-based GPU (graphics processing unit) accelerators".

 

Total revenue jumped from $1.31 billion to $1.94 billion, beating analysts' expectations of $1.91 billion. NVIDIA's gaming division rose a huge 50% to $1.03 billion, which accounted for 53% of NVIDIA's total revenue for Q1 2017 - but didn't quite reach analysts' expectations of $1.11 billion.

NEWS SOURCES:Finance.yahoo.com, Videocardz.com

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