Nvidia posts first billion-dollar quarterBy Jose Vilches
The booming demand for graphics processors has earned Nvidia its first billion-dollar quarter ever, after revenues for the company rose by 36 percent to a record $1.12 billion, up from $820.6 million in 2006. The impressive results are largely attributable to the company's GeForce desktop and notebook GPU product lines, which grew 33 and 120 percent respectively over a year earlier.
Net income for the quarter also reached record levels, totaling $235.7 million for the quarter ended October 28, up more than double from $106.5 million on the same period last year. The future continues to look bright for Nvidia with their recently launched GeForce 8800 GT graphics card, which is receiving high marks all over, while mobile part, 8800M GTX is expected to debut later this month.