Nvidia reports record revenue

Written by Phil Cogar

August 10, 2007 // 1:49 p.m.

Tags: #directx #gpu #graphics-card #nvidia #profit #revenue

£460 million.

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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