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Thursday, 13 February 2014 08:58

Nvidia beats Q4 estimates

Written by Fudzilla staff


 
Thanks to strong GPU sales

Nvidia has managed to beat Wall Street expectations yet again. The company’s fourth-quarter revenue was $1.14 billion thanks to strong Geforce sales. Revenue was up 9 percent sequentially and 3 percent compared to a year ago. However, net income fell due to higher operating costs.

Nvidia’s fiscal Q4 ended in January and it appears that it was marked by healthy demand for consumer graphics cards, which came as a surprise to many. Revenue from PC GPUs rose 14 percent, proving yet again that the GPU market is quite resilient in the face of slow PC sales. While sales of standard PCs are going down, gamers are still buying plenty of new gear and the market for gaming related hardware is in fact growing.

"Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU business," said Nvidia CEO Jen-Hsun Huang. "Tesla and Quadro both achieved record annual revenue."

However, the Tegra business took a massive hit. Revenue was down 37 percent. This may be about to change for the better, first with the LTE-enabled Tegra 4i and then with the new Tegra K1. Nvidia has also scored a few car infotainment deals that should help boost Tegra revenues. The company said sales of Tegra chips for cars have gone up, while sales for phones and tablets have gone down.

Nvidia also announced that it is putting plans to construct a new campus on hold. The campus was supposed to be located in Santa Clara, just across the street from Nvidia’s current headquarters.

Nvidia estimates its revenue in fiscal Q1 2015 will be around $1.05 billion.

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