The green team is rolling in greenbacks
Subject: General Tech | February 9, 2018 - 01:06 PM | Jeremy Hellstrom
Tagged: nvidia, jen-hsun huang, billions
NVIDIA's odd take on the end of quarters means that we are just seeing their Q4 2017 earnings report along with their fiscal 2018 earnings. The news is good for the green team, with Q4 earnings of $2.91 billion, up 34% from Q4 2016. Total fiscal 2018 earnings are $9.71 billion, an increase of 41% from fiscal 2017 released last January. The success of the Nintendo Switch certainly helped and the $133 million tax cut they received didn't hurt, nor the popularity of graphics cards, which NVIDIA states they would prefer to sell to gamers; though it is unclear how they could enforce this on the open market.
It is too early to see an impact from their removal of consumer class GPUs from data centres, assuming they do not reverse this particular decision we will see a jump in that revenue in the coming quarters. The Inquirer offers their take on the finer points of NVIDIA's earning statement here.
"The firm revealed in its Q4 earnings report 2017 that its total revenues for the quarter swelled by a massive 34 per cent from the previous year, with its revenue for the full fiscal year hitting $9.71bn, up by 41 per cent."
Here is some more Tech News from around the web:
- Intel adopts Orwellian irony with call for fast Meltdown-Spectre action after slow patch delivery @ The Register
- Microsoft ditches passwords in latest build of Windows 10 S @ The Inquirer
- Wish you could log into someone's Netgear box without a password? Summon a &genie=1 @ The Register
- The 2018 Ars Technica Valentine’s Day gift guide