Nvidia has reported its financial results for the four quarter of fiscal 2014 with US $1.14 billion which is up by 8.6 percent from US $1.05 billion in the previous quarter. Nvidia managed to beat all expectations, mostly thanks to its Geforce business.


Judging from the results, it appears that GeForce did quite well and according to Nvidia, the company managed to push Geforce GTX GPU revenue up by nearly 50 percent when compared to the Q4 last year. The revenue was up by 8.6 percent sequentially and up by 3 percent when compared to the same quarter last year.

"Quarterly revenue came in well above our outlook, driven by PC gaming, capping an outstanding year for our GPU business," said Jen-Hsun Huang, president and chief executive officer of NVIDIA. "Tesla and Quadro both achieved record annual revenue. GRID cloud technology is being evaluated at hundreds of large enterprises worldwide. And Tegra K1 is disrupting the auto industry, paving the way to self-piloted cars. The groundbreaking work we are doing in visual computing is expanding the opportunities for our GPUs."

Earning per share was also up to US $0.25 from $0.20 in the last quarter. The net income of US $147 million is up by 24 percent compared to the last quarter and down by 16 percent compared to the same quarter last year, which is a direct results of rise in operating expenses which went up by 2 percent compared to the last quarter and up by 13 percent when compared to the same quarter last year.

Nvidia still puts a lot of fate in the recently launched Tegra K1 as well as the Denver, a custom 64-bit ARM core inside Tegra K1. Nvidia also managed to get a couple of car infotainment deals including Audi, as well as launch Tesla K40 and partner with IBM for the next HPC supercomputer.

Nvidia expects its revenue to hit US $1.05 billion in the next quarter.



Source: Nvidia.com.