NVIDIA Produced A Record Quarter And Full Year At Some Of The Key Metrics
Cris Xander JulianoNvidia recently released its financial report for the last quarter and year end which produced a record quarter and full year, exceeding the company's expectations. It continues to be the leader in the graphics processor chip industry.
Here are some of the key metrics that the company exceeded compared to last year according to Madison.
Revenue increased by 55%
The company's revenue for the final quarter was a record %2.173 billion which is an increase of 55% compared to last year. For the full year, its revenue was $6.91 billion which is also a record, up 38% year over year. The revenue comes from professional visualization, gaming, automotive, data center and OEM & IP. The largest contributor was gaming with 62% of total revenue.
Data center revenue up 205%
The data center provided the most impressive gains up by 205%. A key factor to this growth is the adoption of AI worldwide. Nvidia's GPU's are being used in deep learning AI applications and are being adopted for their systems internally, compounded by other companies following suit.
Net Income grew 216%
Net income reached $655 million, which is an increase from the prior-year quarter of $207 million, up by 206%. GAAP, or generally accepted accounting principles, diluted earnings per share were $0.99, an increase of 183% from $0.35.
If Nvidia continues this trend, 2017 will also be a phenomenal year for the chip processor giant.
What do you think of Nvidia's performance for the year 2016? Do you think it can maintain its ideal trajectory? Write and share your thoughts on the comments section down below.
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