NVIDIA sees 48% leap in quarterly revenue
NVIDIA has yet another great quarter, riding strong demand, and owning the datacenter
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.
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.
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