Nvidia reported revenue of $1.07 billion for the third quarter of fiscal 2012 ended October 30, 2011, up 4.9% from the prior quarter and 26.3% from $843.9 million in the same period last year. Higher revenues were driven by a 9.5% sales increase in the firm's professional solutions unit, which includes Quadro graphics cards for workstations and Tesla supercomputing processors, as well as a 14% sequential increase in sales of chips for smartphones and tablets.
When it came to its consumer focused discrete GPU business, sales only rose 1% quarter over quarter, while it lost some share to AMD in the notebook GPU segment. Nevertheless, the company believes a new cycle of revival for PC gaming products is at hand because PC graphics are racing ahead of the five or six-year-old game consoles on the market.
On the profitability front, gross margin rose slightly to 52.2% from 51.7% in the fiscal second quarter. The company reported a net income in accordance with generally accepted accounting principles (GAAP) of $178.3 million, or 29 cents per diluted share, up 17.6% from the previous quarter and 110% from the year-ago quarter.
During the earnings conference call with analysts, Nvidia CEO Jen-Hsun Huang talked up the company’s Tegra 3 quad-core mobile processor, but also noted its disappointment that the company lost a design win with the new Motorola smartphones as well as Amazon's Kindle Fire -- both of which have gone with TI's OMAP processors. He still noted that Tegra processors are currently found on eleven smartphones and twenty-three tablets.
Nvidia said it expects sales for the current quarter to be roughly flat sequentially, plus or minus 2 percent. This means the company's revenue could be between $1.05 billion and $1.09 billion, in line with analysts' expectations.
The NVIDIA GeForce GTX 560 Ti 1GB boasts 384 CUDA cores, there are also 64 TAU (Texture Addressing Units) units. Breaking it down, we have 2 Graphics Processing Clusters, 8 Streaming Multiprocessors, 384 CUDA Cores, 64 Texture Units and 32 Raster Operations Units. The GeForce GTX 560 Ti is paired with 1024MB of GDDR5 memory clocked at 1002MHz (4008MHz DDR). Combine that with a memory interface of 256-bit and you get a peak theoretical bandwidth of 128GB/s.
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