Nvidia turns in more profits

With US $2.91 billion revenue

Nvidia has once again reported record financial results for Q4 FY2018, scoring big in most of its divisions and reporting quarterly revenues of $2.91 billion, a significant rise compared to both the last quarter and the last year as well.

Nvidia's records of its Q4 FY18 quarter report include revenues of $2.911 billion, up by 10 percent compared to the last quarter and up by an impressive 34 percent compared to the same quarter last year. Gross margin was at 61.9 percent, up by 2.4 percent compared to the last quarter (Q/Q) and 1.9 percent compared to the last year (Y/Y). The operating expencee ended up at US $728 million, up by eight percent Q/Q and up by 28 percent Y/Y.

Operating income rose to US $1.073 billion, up by 20 percent Q/Q and up by 46 percent Y/Y, while net income - that's profit - ended up at US $1.118 billion, up by 33 percent compared to Q3 FY18 and up by 71 percent compared to the Q4 FY17.

All of this resulted in diluted earnings per share of US $1.78, which is up by 34 percent compared to the last quarter and up by an impressive 80 percent compared to the same period last year.

Nvidia failed to disclose its margins, but it doesn't takt rocket science to figure that one out. It's high.

Profits

All four last quarters in its fiscal 2018 brought a rise in revenues compared to last year, hitting $9.714 billion, up by 41 percent compared to the previous year. Operating income, net income (profit) and earnings per share all rose by over 60 percent compared to last year.

The Q4 FY18 numbers were mostly fueled by good reports from all divisions. The gaming division, for example, did well with sales boosted by both gamers as well as cryptocurrency miners that couldn't get their hands on certain expensive and out of stock AMD Radeon graphics cards. It reported revenues of US $1.74 billion, which was up by 11 percent Q/Q and up by 29 percent Y/Y.

The Professional Visualization department, which includes workstation GPUs, reported revenues of $254 million, up by six percent compared to the last quarter and up by 13 percent compared to last year.

The big boost in revenue came from the Nvidia Datacenter department, which includes Tesla, GRID, and DGX systems, reporting revenues of $606 million, up by 21 percent compared to the last quarter and up by an almosy incredible 105 percent compared to last year.

Automotive and OEM and IP departments were the biggest let downs of the quarter. Although these were in green, rather than red, the automotive divison reported revenues of $132 million, down by eight percent compared to the last quarter and up by three percent compared to last year. OEM and IP added $180 million of revenues, down by six percent Q/Q and up by two percent Y/Y.

For the next Q1 FY19, Nvidia expects sales revenues of $2.90 billion.

“We achieved another record quarter, capping an excellent year,” said Jensen Huang, founder and chief executive officer of Nvidia. “In a powerful sign of our progress, attendees at Nvidia’s GPU Technology Conferences reached 22,000, up tenfold in five years, as software developers working in AI, self-driving cars, and a broad range of other fields continued to discover the acceleration and money-saving benefits of our GPU computing platform.

“Industries around the world are racing to incorporate AI. Virtually every internet and cloud service provider has embraced our Volta GPUs. Hundreds of transportation companies are using our NVIDIA DRIVE platform. From manufacturing and healthcare to smart cities, innovators are using our platform to invent the future”, he claimed.

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