NVIDIA's Finances Go Up in Q3 of FY 2012

The third quarter of NVIDIA's Fiscal Year 2012 ended on October 30, so NVIDIA decided to publish its financial situation, as well as the outlook for Q4.

NVIDIA couldn't exactly brag about record earnings or anything like that, but it still succeeded in posting a rise in both revenues and profits.

Net income was of $178.3 million (130.87 Euro), enabled by revenue of $1.07 billion (785.37 million Euro).

In other words, on a sequential basis, revenue grew 4.9%, while the on-year increase was of 26.3%.

Some may be hoping, and expecting, that NVIDIA will continue to rake in money, and they would be right.

Still, even if the Santa Clara, California-based company's products do sell well, it isn't likely that Q4 revenues will be any better than these.

In fact, NVIDIA itself said in the press release that its expects Q4 FY2012 revenues to be flat, give or take 2%, despite the holiday season.

NVIDIA should see some more positive financial evolution once 2012 comes around, now that its Kal-El Tegra 3 mobile platform is up and running.

“Nvidia's strategy is coming into its own, as the world becomes increasingly visual and mobile,” said Jen-Hsun Huang, president and chief executive of NVIDIA.

“Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market. With Tegra 3 phone wins well ahead of Tegra 2's pace, we're expecting strong growth in the year ahead.”

The tablet market could prove especially profitable indeed, if more slates with prices of $200 (146 Euro or so) start appearing.

The Amazon Kindle Fire is already more popular than the iPad, according to at least 1 study, and though it doesn't run Kal-El, it can act as an example for future models.