Nvidia has announced its financial results for fourth quarter and financial year and it appears that the company was doing quite well, reporting both record quarter and the best financial year so far.

According to published results, the company had a record quarterly revenue of US $1.25 billion, which is up by nine percent compared to the same quarter last year. Gross margin was up by 1.8 points, rising from 54.1 percent to 55.9 percent while net income rose by 31 percent, from US $147 million up to US $193 million.

The yearly financial results are even better as the company managed to report a revenue of US $4.68 billion which is up by 13 percent compared to US $4.13 billion last year. The gross margin was up by 0.6 points, from 54.9 percent to 55.5 percent while it managed to get a raise in net income of 43 percent, up from US $440 million to US $631 million.






Nvidia's departments did quite well as the GPU one, which includes Geforce, Quadro, Tesla and Grid products, managed to earn US $1.07 billion this quarter and US $3.84 billion during FY 2015, which is up by 13 and 11 percent, respectively. The Tegra department, which include the SoC and related products, also did well with US $112 million in Q4 2015 and US $579 million in FY 2015, and despite reporting a drop of 15 percent in quarterly report, it was still up by 45 percent in FY 2015 results.

While it did not provide any specific numbers, Nvidia did note that desktop and notebook GPUs also did well with a 38 percent rise compared to the last year, mostly due to recently released Maxwell-based graphics cards.

According to the same financial report, Nvidia expects a revenue of US $1.16 billion in the next quarter, which will mark a slight drop.



Source: Nvidia.com.