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NVIDIA Announces Record Quarterly Results

NVIDIA Announces Record Quarterly Results news post from TweakTown's online news computing and technology content pages

| Posted: Nov 14, 2006 1:11 am

NVIDIA have just recently announced their quarterly operating results for the third quarter of fiscal 2007, and its hardly surprising that revenue for them has yet again increased, based on results from their already record first and second fiscal quarters.

 

For full details, head over to their press room folks.

 


SANTA CLARA, CA-NOVEMBER 9, 2006-NVIDIA Corporation (Nasdaq: NVDA) today reported financial results for the third quarter of fiscal 2007 ended October 29, 2006.

 

For the third quarter of fiscal 2007, revenue increased to a record $820.6 million, compared to $583.4 million for the third quarter of fiscal 2006, an increase of 41 percent. Net income computed in accordance with U.S. generally accepted accounting principles (GAAP) for the third quarter of fiscal 2007 was $106.5 million, or $0.27 per diluted share. GAAP net income for the third quarter of fiscal 2007 includes expenses of $42.6 million, net of tax, which is comprised primarily of stock-based compensation expense plus a one-time charge associated with licensing certain patents.

 

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