Nvidia Strikes Record Jackpot for the Q4 Fiscal Year 2008

Nvidia has just drew the line over the fourth quarter of the fiscal year 2008 revenue, and it seems that the company has nothing to worry about. The results have just kicked in and it looks like Nvidia has done a great job during the last quarter, with$1.20 billion in revenue and a lot of satisfied customers.

"Fiscal 2008 was another outstanding and record year for us. Strong demand for GPUs in all market segments drove our growth. Relative to Q4 one year ago, our discrete GPU business grew 80%. Our growth reflects the ever-increasing use of rich graphics in applications from Google Earth to Apple iTunes to online virtual worlds," said Jen-Hsun Huang, president and CEO of Nvidia.

The $1.20 billion revenue for the Q4 fiscal year 2008 is a significant jump from the $878.9 million for the fourth quarter of fiscal year 2007, which translates into a 37 percent increase. Net income computed in accordance with U.S. accepted accounting principles (GAAP) for the fourth quarter of fiscal 2008 was $257.0 million, which means a 57 percent increase from the net income of $163.5 million in the Q4 of fiscal 2007.

The Non-GAAP net income for the fourth quarter of fiscal 2008 excludes all the stock-based compensation charges, was $292.6 million, or $0.49 per diluted share.

"This is the era of visual computing. The richness of the graphics is increasingly central to our computing experience. And at the core of that experience is the GPU, the processor that defines the modern PC," he continued.

The first quarter of the fiscal year 2009 has already proven promising for the graphics chips manufacturer. The company has just finalized the acquisition of physics processing engine manufacturer Ageia, and is currently gearing up for launching its state-of-the-art graphics cards, the GeForce 9600 GT, 9800 GX2, GeForce 8200, GeForce 9200, as well as its newest chipsets, the 730a, 750a, 780a and 790i.

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