NVIDIA Announces Better Than Expected Earnings
NVIDIA today reported revenue of $924.9 million for the first quarter of fiscal 2013 ended Apr. 29, 2012. Guidance for next quarter calls for sales between $990 million and $1.05 billion, topping analyst forecasts of $976 million. CEO Jen-Hsun Huang said the company’s new Kepler GPUs are boosting business and Tegra growth is on track. NVIDIA pointed out that the first Ultrabook carrying one of its GPUs was launched in March, while the first quad-core Tegra 3 also saw a debut in February.
“Kepler GPUs are accelerating our business,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “Our newly launched desktop products are winning some of the best reviews we’ve ever had. Notebook GPUs had a record quarter. And Tegra is on a growth track again, driven by great mobile device wins and the upcoming Windows on ARM launch. “Graphics is more important than ever. Look for exciting news next week at the GPU Technology Conference as we reveal new ways that the GPU will enhance mobile and cloud computing,” he said.
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