NVIDIA Announces Financial Results for Third Quarter Fiscal 2017

Discussion in 'HardForum Tech News' started by HardOCP News, Nov 11, 2016.

  1. HardOCP News

    HardOCP News [H] News

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    NVIDIA today reported revenue for the third quarter ended October 30, 2016, of $2.00 billion, up 54 percent from $1.30 billion a year earlier, and up 40 percent from $1.43 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $0.83, up 89 percent from $0.44 a year ago and up 102 percent from $0.41 in the previous quarter. Non-GAAP earnings per diluted share were $0.94, up 104 percent from $0.46 a year earlier and up 77 percent from $0.53 in the previous quarter.

    "We had a breakout quarter - record revenue, record margins and record earnings were driven by strength across all product lines," said Jen-Hsun Huang, founder and chief executive officer, NVIDIA. "Our new Pascal GPUs are fully ramped and enjoying great success in gaming, VR, self-driving cars and datacenter AI computing. "We have invested years of work and billions of dollars to advance deep learning. Our GPU deep learning platform runs every AI framework, and is available in cloud services from Amazon, IBM, Microsoft and Alibaba, and in servers from every OEM. GPU deep learning has sparked a wave of innovations that will usher in the next era of computing," he said.
     
  2. Uvaman2

    Uvaman2 2[H]4U

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    Yeah looking at how freaking expensive their cards are.
     
  3. Galvin

    Galvin 2[H]4U

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    And people pay for it, no problem here.
     
  4. Shintai

    Shintai [H]ardness Supreme

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    Almost up 30%. Over 45B in market cap now.
     
  5. Private_Ops

    Private_Ops [H]ard|Gawd

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  6. jwcalla

    jwcalla 2[H]4U

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    ohhh no. not this shit again.
     
  7. Private_Ops

    Private_Ops [H]ard|Gawd

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    What? Title says 2017 but, article is 2016.
     
  8. modi123

    modi123 [H]ardness Supreme

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    Glad I picked up NVIDA stock earlier in the year at 27 a share.
     
  9. ol1bit

    ol1bit [H]ard|Gawd

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    Oh my, well their cards rock, and the 1070 is cheap for the performance it give you!
     
  10. Shintai

    Shintai [H]ardness Supreme

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    Google "Fiscal year". ;)
     
  11. rezerekted

    rezerekted 2[H]4U

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    Glad they are doing well, wish we had more competition though.