Nvidia is apparently not doing as bad as everyone thought, since it has reported much higher profits despite it did not sell much more products than it had in previous quarters, while operating expenses have taken a toll on its revenue.
According to the report, Nvidia managed to get US $954.7 million of total sales, which is 3.2 percent higher than in the first quarter of the previous fiscal year. The revenue results are lower than in the Q4 2013 by 13.7 percent while earning per share dropped by 53.6 percent. On the other hand, the earning per share rose by 30 percent when compared to the same quarter last year.

Nvidia also reported higher operating expenses of US $435.8 million which is up 8.4 percent compared to last quarter and up by 11.6 percent compared to the first quarter last year.

Nvidia still plans to return US $1 billion to shareholders during this fiscal year and has currently returned US $146.3 million during this quarter. According to Nvidia, the good results were contributed to the success of Kepler-based GPUs and all hopes for next quarters are with Tegra 4 and Tegra 4i devices.

Nvidia expects the second quarter of fiscal 2014 to be even better with revenue of around US $975 million. In any case, it looks like Nvidia is doing quite better than what most people thought and will surely be even better as soon as Tegra 4 and Tegra 4i finally come to market.



Source: Nvidia.com.