14 DAY TRIAL // It seems that NVIDIA has begun to recover all the so-called losses it suffered from being about half a year late in delivering video cards with support for DirectX 11.
IT companies seem to be taking turns at posting their financial results for whatever Fiscal Year quarter they just finished.
NVIDIA thought it may as well provide its own financial update on the Third Quarter of Fiscal year 2011.
The numbers that the Santa Clara, California-based GPU maker had to show seem to be quite promising.
In fact, NVIDIA has returned to profitability, of $84.9 million to be exact, or $0.15 per diluted share.
This corresponds to a revenue of $843.9 million, a number than it 4% higher on-quarter but 7% smaller than the figure attained during the same period of 2009.
"We have turned the corner," said Jen-Hsun Huang, NVIDIA's president and chief executive officer.
"We have restored our speed of execution and are regaining share in desktops. Only seven months after shipping our first processor based on the Fermi architecture, we have begun production on seven more GPUs, including the GeForce GTX 580, which sets a new standard for performance,” Huang added.
“The Fermi architecture is now in every segment of our desktop, notebook and workstation product lines,” the CEO went on to saying.
"We've also made big strides this quarter in positioning ourselves at the center of cloud and mobile computing, which are transforming the computer landscape. Tesla now powers some of the world's fastest and greenest supercomputers. And Tegra will soon be featured in a range of smartphones and tablets we're building with our partners," Huang concluded.
NVIDIA expects its Q4 revenue to grow by 3% to 5% sequentially. The outfit also seems to be quite confident in the growth of parallel computing and its marketing strategy appears to give special importance to the GeForce GTS 450 and GeForce GTX 580 consumer graphics cards.