14 DAY TRIAL // NVIDIA must have really managed to get good prices out of all its products, if it managed to boost its profits by almost a third while not selling much more than in previous quarters, and suffering a rise in operating expenses.
The corporation has posted its financial results for the first quarter of fiscal year 2013, which ended on April 28, 2013.
In its press release, NVIDIA reveals that its total sales were of $954.7 million / €732.36 million, 3.2% higher than the mark reached in the first quarter of the previous fiscal year.
True, the figure is 13.7% lower than the sum accumulated during the fourth quarter of fiscal year 2013, but since part of that period intersected with the slow season at the start of each year, it is understandable.
More important is the net income, or profit, of $77.9 million / €59.74 million, 29% higher on-year (although, again, lower Q/Q, by 55.2%).
"The success of Kepler-based GPUs within and beyond the PC helped drive another quarter of record margins," said Jen-Hsun Huang, president and chief executive officer of NVIDIA.
"Kepler is capturing share among gamers, strengthening our workstation and supercomputing segments, and will fuel new growth opportunities for our GRID server graphics solutions. With Tegra 4 devices and Tegra 4i certification on the way, we're gearing up to return to growth in the second half."
For the second quarter of FY 2014, NVIDIA expects a revenue boost to $975 / €747 million, give or take.
The corporation fully intends to return in excess of $1 billion to shareholders during fiscal year 2014.
In addition to graphics cards and laptop GPUs, NVIDIA will try to make money out of NVIDIA GRID-based servers (Dell, HP and IBM already sell them, running Citrix, Microsoft and VMWare software) and Tegra 4i (NVIDIA's first fully integrated 4G LTE mobile processor).