Nvidia has posted its financial results for the first quarter of its 2008 fiscal year. For the quarter ended April 29, 2007, the firm says it had revenue of $844.3 million and net income of $132.3 million—a slight decrease from the results for the fourth quarter of its 2007 fiscal year, when it raked in $163.5 million in profit and $878.9 million in revenue. Nonetheless, Nvidia boasts that its profits soared 44% and that revenue went up 24% compared to the same time period last year. A good part of that growth can be attributed to the success of Nvidia's GeForce graphics cards, which generated year-over-year revenue growth of no less than 71%. Revenue for Nvidia's Quadro professional products also went up 39% compared to last year, and Nvidia's nForce chipsets generated year-over-year revenue growth of 25%.
Revenue, profits down in Nvidia's first quarter
Copyright ©1999-2010 The Tech Report. All rights reserved.
About us | Privacy policy | Subscribe to our mailing list
About us | Privacy policy | Subscribe to our mailing list
