NVIDIA's Q3 FY2010 Revenue Up 16 Percent

NVIDIA has recently announced its financial results for the third quarter of the fiscal year 2010, with a reported revenue of US$903.2 million, representing an increase of 16 percent from the previous quarter and up from US$897.7 million, recorded in Q3 FY2009. According to the Santa Clara, California-based graphics chip maker, the revenue went up in each of the company's product lines, confirming a stronger consumer demand

“We continued to make progress in the third quarter with healthy market demand across the board,” Jen-Hsun Huang, president and chief executive officer, NVIDIA, said. “Revenue was up from a year ago, with improvement in each of our PC, professional solutions and consumer businesses. It’s great to see us shipping orders with our Tegra mobile-computing solution, and growing enthusiasm for our Tesla platform for parallel computing in the server and cloud-computing markets.”

As stated by NVIDIA's CEO, the graphics chip maker continues to expand its market reach with the Tegra and Tesla platforms, enabling the company to provide solutions for a wider range of product segments. The results beat analysts' estimations, which indicated a revenue of US$838 million for this period. Continuing this trend, the company expects its fourth-quarter revenue to be slightly up from the reported Q3 results, with an estimation of an approximately two-percent increase.

Among some of the highlights of the third fiscal quarter of 2010, the company mentioned the launch of the first major Tegra-based devices, namely Microsoft's Zune HD and the Samsung M1, the introduction of its next-generation CUDA GPU architecture, codenamed “Fermi” and the release of the NVIDIA RealityServer.

NVIDIA expects that its Tegra chip, designed to power an upcoming wave of mobile computing solutions, including smartphones, media players and other portable, small-sized ones, will account for half of the company's revenue in the next few years.