All the investments in Tegra and the mobile market in general are paying off

Aug 10, 2012 06:36 GMT  ·  By

NVIDIA, like so many others, has reported its financial results for the latest fiscal year quarter. However, unlike said others, or most of them, it has good news to impart.

NVIDIA has revealed that its revenue for the second quarter of its fiscal year 2013, ended on July 29, 2012, was of $1.04 billion, or 845 million Euro, give or take.

On that note, the profit was of $119 million, or 96.77 million Euro, twice the one scored over the course of the previous three months.

This is a great contrast to the losses that are forcing Sharp to fire 5,000 people and Panasonic to lay off 6,850. For that matter, even Sony's income dropped 77%. And we cannot forget HP's $9 billion loss.

The Santa Clara, California-based company attributes most of this success to the Tegra platform of mobile central processors / SoCs (system-on-chip devices).

In fact, the first two highlights of its second fiscal quarter are the Nexus 7 tablet and the announcement that Microsoft's Surface tablet with Windows RT, such as it is, will be powered by Tegra.

“Our investments in mobile computing and visual computing are both paying off,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “Tegra has achieved record sales as tablets come into their own.”

On the graphics processor front, demand has been slowing down. NVIDIA said that the sales were strong but the market was weak overall. Only the release of the Kepler architecture kept things in the black.

“Our GPU business made strong gains in a weak market, boosted by our breakthrough Kepler architecture,” Huag says.

NVIDIA hopes for the third quarter of FY2013 to be even better at raking in revenue than the one that has just ended. In addition to mobile platforms and consumer graphics, it will work hard on the cloud-computing front as well.

“Looking ahead, we're optimistic, as our investments position us right at the center of the fastest growing segments of computing,” the CEO finished.