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Wednesday, May 10, 2017

Nvidia Beats Estimates, Revenue Rose 48% YoY In Q1


Nvidia posted a higher than expected revenue in the first quarter of the fiscal year 2018. The graphics company not only managed to beat analysts’ expectation but also reported substantial revenue growth across its major business segments. For the first quarter, Nvidia recorded quarterly earnings of $1.94 billion, a huge 48 percent jump compared to the same period last year and also slightly higher than Wall Street’s revenue expectations of $1.91 billion. Contributing to this huge revenue jump are the massive gains made in its gaming GPU business and the improved financial performance of its automotive and data center businesses. Nvidia also saw huge gains in its operating income and net income figures, with increases of 126 percent and 144 percent respectively. The outstanding performance reported by Nvidia resulted in a jump in its share prices, with the increase going as high as 14 percent in after-hours trading.

While Nvidia has been dominant in the desktop graphics market for quite some time, it is now branching out to other revenue sources to counter either possible slowdowns in the graphics market or increased competition from AMD and Intel. These new revenue sources are the data center and automotive industries. For the data centers, Nvidia is now selling versions of its GPU, named Tesla accelerators, for deep learning purposes. These accelerators are now used by tech giants like Google and Baidu for image and speech recognition. The company is also involved in the development of supercomputers and computer platforms for robots, drones, and smart cameras. For the automotive industry, Nvidia is developing GPUs and SoCs used for the artificial intelligence software found in self-driving vehicles.

Moving forward, the graphics company is expecting revenues from $1.89 billion to $1.95 billion in the following quarter. It is also expecting further gains from its data center and automotive business as more businesses get involved in deep learning and artificial intelligence. However, Nvidia could see more competition in the future, with its traditional graphics competitors starting to catch up in these fields. AMD has launched Radeon Instinct, which is aimed to compete with Nvidia’s offerings in the data center. Intel, meanwhile, has been acquiring companies to build its portfolio in the AI market.

Source : www.androidheadlines.com

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