Printed from http://www.electronista.com

Nvidia posts record revenue, gross margin on strength of Tegra K1

updated 08:16 am EDT, Fri August 8, 2014

Company records expected to be broken next quarter

Video card maker Nvidia yesterday reported revenue for the second quarter of its 2015 fiscal year ended July 27. It reported revenue of $1.10 billion, up 13 percent from $977 million a year earlier, and in line with the previous quarter. Revenue for the first half was up 14 percent, to a record $2.21 billion from $1.93 billion a year earlier. In line with record revenue, the company also posted record gross margin of 56.1 percent.

"We had a great quarter with strong gains in each of our three growth areas -- Gaming, Datacenter & Cloud, and Mobile," said Jen-Hsun Huang, president and chief executive officer of Nvidia. "Our Tesla datacenter business is in high gear, benefiting from strong demand from cloud service providers, and our new Shield tablet is generating considerable excitement. ‎Nvidia's accelerating growth stems directly from investments in extending our visual computing leadership to the mobile-cloud revolution."

For the third quarter of fiscal year 2015, the company is expecting revenue of $1.2 billion, with a gross margin of 55.2 percent.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News