Aug 12, 2011 07:40 GMT  ·  By

NVIDIA's second quarter of the fiscal year 2012 has proven lucrative for the Santa Clara, California-based company, now that its financial results have turned out favorably.

AMD's Fusion was supposed to remove NVIDIA's low-end and even mainstream GPUs from the competition, or at least start off by crippling its sales and, thus, profits.

Apparently, this lofty goal hasn't even begun to near fulfillment as NVIDIA posted favorable financial results for the second quarter of fiscal year 2012, ended on July 31.

"We grew solidly this quarter," said Jen-Hsun Huang, NVIDIA president and chief executive officer.

"Consumer demand for notebooks powered by our GeForce GPU, with its unique Optimus technology, resulted in record revenue for these products. The future of computing is mobile and visual. With Tegra's momentum and our growing GPU businesses, we are ideally positioned to lead the industry forward.”

The earnings per share during this period were of $0.25, corresponding to revenues of $1.017 billion.

This means that the net income was of $151.6 million, quite a bit more than the $1,35.2 million of the previous quarter.

For those that do not remember or never learned of it, the Q1 revenues were of $962 million.

All in all, this means that NVIDIA's revenue level moved upwards by 5.7 percent on quarter (sequentially) and, compared to the same period of the previous year, by 25.3 percent (Q2 of FY 2011 yielded $811.2 million).

Moving forward, the GPU maker is optimistic, envisioning a rise of 4% to 6% on a sequential basis. The outlook took into account the new assets brought in by the acquisition of Icera.

What remains is to see how well NVIDIA can keep to its GPU (it wasn't long ago that NVIDIA provided its customers with the latest driver for GeForce and ION series graphics solutions) and Tegra release schedules.