Thursday, February 17, 2011

Nvidia doubles profits

NVIDIA has released its financial results for its fourth quarter fiscal 2011 ended January 30 last. If the increase of its turnover is modest, its profits explode from one quarter to another. The firm speaks of a Income of $ 886.4 million (approx. EUR 650 million), representing an increase of 5% over the third quarter.

It cons by 10% less than the same period last year. Profits are the measure that stands out most, because in addition to the explosion in the previous quarter, they increase over last year. This sudden increase is due to the agreement signed with Intel (see "Agreement for $ 1.5 billion between Intel and NVIDIA").

The fiscal year 2011 is therefore important for NVIDIA as it becomes profitable again. For a turnover of 3.54 billion (approx. EUR 2.60 billion) it earned a profit of 253.1 million dollars (approx. 190 million) when he accused a loss of $ 68 million in 2010 (approx. EUR 50 million). The last quarter was crucial for a happy New Year.

The results were drawn up by the graphics cards and chips Tesla and Tegra.

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