NVIDIA has mixed results for this first quarter
Subject: General Tech | May 8, 2015 - 12:53 PM | Jeremy Hellstrom
Tagged: nvidia, earnings, Q1 2015, billion
NVIDIA's reported revenue of $1.15 billion just missed the analysts predictions, they saw an increase of roughly 4% from Q1 2014 but an 8% drop compared to the last quarter of 2014 which saw the release of the GTX 970 and the usual spike in sales from the holidays. However when you look at net income, there was a drop of 2.2% compared to a year ago. GPU sales made up the bulk of the income and are doing well as that division increased sales by 14% from last year bring in revenue 4.7% higher than last year. Mobile Tegra sales saw a similar increase of 4.3% but the same can not be said for their LTE division, the Icera LTE modem unit is now on the chopping block, to either be dissolved or sold off. You can get more numbers from this story at The Register.
"Nvidia has reported revenues of US$1.15 billion for the first quarter ended April 26, 2015, up 4% from US$1.10 billion a year earlier, but down 8% from US$1.25 billion the previous quarter."
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