NVIDIA declares Q1 Financial Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

NVIDIA declares Q1 Financial Results 
NVIDIA has reported revenue of $1.04 billion for the second quarter of fiscal 2013 ended July 29, 2012.  The company highlighted the Revenue of $1.04 billion. GAAP net income was $119.0 million, or $0.19 per diluted share.  Non-GAAP net income was $170.4 million, or $0.27 per diluted share and GAAP gross margin was 51.8 per cent. Non-GAAP gross margin was 52.0 per cent.
"Our investments in mobile computing and visual computing are both paying off. Tegra has achieved record sales as tablets come into their own. Our GPU business made strong gains in a weak market, boosted by our breakthrough Kepler architecture. Looking ahead, we are optimistic, as our investments position us right at the centre of the fastest-growing segments of computing," said Jen-Hsun Huang, President & Chief Executive Officer, NVIDIA.

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