Nvidia has announced its Q2 financial results posting a strong 33 percent rise in year-on-year net income with revenue of US $1.1 billion, which is up by 13 percent compared to the last year.

While its net income and diluted earning per share were down compared to the last quarter, these are actually up by 33 and 38 percent compared to the same quarter last year. The net income for Q2 was at US $128 million while diluted earnings per share is set at US $0.22. The revenue was set at US $1.1 billion which is pretty much the same as the previous quarter and up by 13 percent compared to the last year.

In addition to posting strong financial results, Nvidia noted that the earnings were up all across the board and main push came from gaming, datacenter, cloud and mobile segments.




"We had a great quarter with strong gains in each of our three growth areas -- Gaming, Datacenter & Cloud, and Mobile," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Our Tesla datacenter business is in high gear, benefiting from strong demand from cloud service providers, and our new SHIELD tablet is generating considerable excitement. ? NVIDIA's accelerating growth stems directly from investments in extending our visual computing leadership to the mobile-cloud revolution."

Some of the main Q2 highlights were Nvidia's Tegra K1 SoC as well as Shield Tablet and accelerated growth of the auto business, where BMW and VW have shipped some of its cars with infotainment systems powered by Tegra SoC.

Nvidia also expects a strong Q3 results with revenue of US $1.2 billion.


Source: Nvidia.com.