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Nvidia reports record revenue
Author: Phil CogarPublished: 10th August 2007
Nvidia has said it has made fistfuls of money this past quarter.
That's how much revenue Nvidia has reported for the second fiscal quarter of 2008. For those wondering why it's 2008, the quarter ended on July 29, as opposed to the standard June 30. That means the business ends on January 31, 2008 - enough time to capture the holiday sales figures.
For the quarter, generally accepted accounting practices (GAAP) computed profit was a record £84.99 million while the non-GAAP (which removes certain accounting methods that spread prior years' costs over future years) computed profit was £97.43 million.
"Nvidia delivered an outstanding quarter, with record revenue, record gross margin, and record net income. These results reflect the growing importance of the GPU as well as great execution across the company," said Jen-Hsun Huang, the company's president and CEO.
“As the leading and only dedicated GPU company in the world, our opportunity has never been more exciting as the number of applications and digital devices that benefit from the GPU continues to grow,” added Huang..
This comes as no surprise with Nvidia's 8800 series of GPUs currently being the favoured choice among computer enthusiasts.
The company highlights a 75 percent DirectX 10 and a 64 percent DirectX 9 market share in GPUs as well as the introduction of its Tesla and GeForce 8M Series product lines as the primary reasons behind such a large growth.
Are you happy with Nvidia's GPU offerings or are you more of an AMD guy? Let us know what you think about the company and its recent returns down in the comments or over in the forums.
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Comments (20)Stats: 0.127 seconds
We all wish that don't we :)
Because the moment AMD/ATI goes under, innovation will stop. Competition keeps the breed strong.
And, of course, because my HD 2900 XT outperforms an 8800 GTS 640 for the same money.
$1m in $100 bills apparently weights about 10 kg (http://www.ustreas.gov/press/releases/rr2748.htm), so the non-GAAP profit of almost $100m will weigh just under 1 metric ton, and the revenues of $460m would come in at 4.6 metric tons.
Howzat?!
I wont argue that competition is good for the consumer. Everyone knows that.
and sure the 2900xt may outperform the 8800gts 640 in some aspects, but not all.
In fact depending on where you look you will see the gts 320 outperforming the 2900xt, but again, not in every test. Each card has its own strong points.
I almost went to Nvidia for my new GPU but getting a 1950 pro for free made me change my mind.
It will be a sad day if ATI goes under, but i'm sure that another company will take its place. Just like what happened back when 3dfx got bought out, correct me if i'm wrong but did ATI exist back then?
Maybe ATI/AMD will comeback in the GPU market to give nvidia a serious run for their money, but as for right now (depending on what you do) nvidia seams to have the edge.
ATi was founded back in 1985 and I just seem to remember them launching the first Radeon 256 (R100) cards back in 2001 while 3Dfx has been bought up in 2000. ATi has been around a little longer, not in the enthusiast market though. They once were (or still are?) #1 in mass production pre-built systems.
you have too much time on your hands, but I think you did it wrong, they made £460 million = $935 million USD
good for Nvidia ;)
What happens when you enable AA?
Well, now we see just how much a corporation can make when there's no competition or innovation in the works for nearly a whole year on a card that stands above the rest......but aside from that I still see the X2900XT as being the better card in terms of price/performance, especially in the DX10 realm (because that's why you really bought the card when it all comes down to it right? Well, atleast I hope you did). Anwyays, once a game is built from DX10-up (hints Crysis/Bioshock/WiC) and it's main focus is shaders (which is where a lot of games are going supposedly) then we will see which card is actually the "better card" and honestly I'm gonna stick all my money on the AMD/ATi side when it, again, comes down to price/performance....seriously though, isn't anyone the least bit annoyed/angry that nVidia is profiting THIS much off of us the consumer...I mean, yes, they have the better-performanced card, but the price is ridiculous and for as aged as the card is (and yes I know it's still the best of the best), and being a consumer myself I say: the price needs to drop.
but will they lower the price when (most) people are willing to pay this much for it?
what I am hoping for is that they will take this money (our money) and make a great product for us to consider, and at the same time ATI/AMD will see that they are somewhat losing the battle and put in the work thats required to also give us a great product to consider.
Not if it's a cheque, smart guy.
Way to go NVIDIA. I love NVIDIA gfx cards, but I also love AMD processors, and this is pretty bad news for AMD.
Yes, I am a fanboi.
Performance/Price: AMD & ATI still win in my books but my TripleHead2Go doesn't like ATI cards :'(
...until you receive the electricity bill! :)
If it is reported, then this is after they have taken all the development and production costs of all the products into account. I agree that they do need profit to allow them to continue forging forwards with new technology and development, but 460 million in one quarter of a year, plain ridiculous.
Considering the way top end hardware plummets in price the second the next generation is released, it would be nicer to see reduced prices across the wide range of products in the future. Im sure that with even slightly lower prices, more consumers could be tempted into springing the few extra quid it needs to buy a new product.
I wish there was more high-end competition then "just" Ati. I am very upset thinking about how much money i could have saved when buying the 8800GTX a month ago for a whopping 580 euro. And this price is the same for 8 months. I waited and waited till a price drop. And hoped that with some good competition from Ati the price would drop. But there was no competition and there was no price drop.
I also fear the price of the 8900 will be into the 800 to 900 euro and stay there a long time. Nvidia could ask anything they want as long as there is no other cheaper/better product from someone else...
I blame Ati to be responsable to forcing me to buy a better product because ATI/AMD could not deliver the goods they promised.
(the last line is a joke afcourse)