NVIDIA Q4 Revenue Up 8% to $2173M with $655M Profit

NVIDIA_logoSANTA CLARA, CA, Feb 13, 2017 – NVIDIA has reported revenue for the fourth quarter ended January 29, 2017, of $2.17 billion, up 55 percent from $1.40 billion a year earlier, and up 8 percent from $2.00 billion in the previous quarter. GAAP net income is $655 million, up 21% from $542 million in the previous quarter.

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Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

NVIDIA_Q4_Profit

Comparative analysis based on NVIDIA’s financial results in the last 12 quarters (Result source NVIDIA website)

“We had a great finish to a record year, with continued strong growth across all our businesses,” said Jen-Hsun Huang, founder and chief executive officer of NVIDIA. “Our GPU computing platform is enjoying rapid adoption in artificial intelligence, cloud computing, gaming, and autonomous vehicles.‎

“Deep learning on NVIDIA GPUs, a breakthrough approach to AI, is helping to tackle challenges such as self-driving cars, early cancer detection and weather prediction. We can now see that ‎GPU-based deep learning will revolutionize major industries, from consumer internet and transportation to health care and manufacturing. The era of AI is upon us,” he said.

A complete chart of the financial results is available here.

About NVIDIA

NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market, redefined modern computer graphics and revolutionized parallel computing. More recently, GPU deep learning ignited modern AI — the next era of computing — with the GPU acting as the brain of computers, robots and self-driving cars that can perceive and understand the world. Today, NVIDIA is increasingly known as “the AI computing company.”

More information at www.nvidia.com.

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