Nvidia has reported a 74% rise in profit for the third quarter of fiscal 2010, which ended October 25. During the recently closed quarter, Nvidia posted revenue of $903.2 million, a 16% increase on quarter and up slightly from a year ago. Net income for the third quarter was $107.6 million ($.19 per diluted share), which compares to last year's net income of $61.7 million ($.11 per diluted share).
Nvidia president and CEO Jen-Hsun Huang said the company "continued to make progress in the third quarter with healthy market demand across the board," and noted that enthusiasm has grown for Nvidia's Tesla platform in the server and cloud-computing markets. In the fourth quarter, Nvidia expects revenue to increase by 2% from the third quarter, with a gross margin of 40 to 42% and operating expenses around $305 million.
Catch a full list of Nvidia's fiscal third quarter highlights after the jump.
Nvidia's third quarter fiscal 2010 and recent highlights:
- First major Tegra™ devices shipped: Microsoft’s Zune HD and the Samsung M1.
- Held first ever GPU Technology Conference, which was 50% oversubscribed, with 1,500 attendees from 40 countries. More than 200 technical sessions were conducted, and presentations were made by 60 emerging companies that utilize the graphics processing unit (GPU).
- Introduced the next generation CUDA™ GPU architecture, codenamed "Fermi." The Fermi architecture is the foundation for the world’s first computational GPUs, delivering breakthroughs in both graphics and parallel computing.
- Oak Ridge National Laboratory announced plans to use Fermi to build a new supercomputer, which is designed to be the world’s fastest.
- Launched the industry’s first development environment for massively parallel computing. The tool, code-named "Nexus", is integrated into Microsoft Visual Studio, so that developers will be able to use Visual Studio and C++ to write applications that leverage Fermi GPUs.
- Launched NVIDIA® RealityServer®, a powerful combination of GPUs and software that streams interactive, photorealistic 3D applications to any web connected PC, laptop, netbook or smart phone.
- Adobe’s new Flash Player 10.1 will be accelerated by GeForce®, NVIDIA ION™ and Tegra™ products, helping to bring uncompromised browsing of rich Web content to netbooks, smartphones and smartbooks.