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Nvidia Q3 revenues reach record USD 1.23 bln
2014-11-07 09:44:00| Telecompaper Headlines
(Telecompaper) Nvidia reported record revenues for its fiscal third quarter to 26 October, with the figure rising 16 percent from the year before to USD 1.23 billion. Record revenues were also reported for the year-to-date, up 15 percent to USD 3.43 billion. CEO Jen-Hsun Huang attributed the strong earnings to the company's focus on creating visual computing platforms for datacentre, mobile and PC. The gross margin went to 55.2 percent from 55.4 percent the year earlier while the net profit lifted 45 percent to USD 173 million. Nvidia intends to return USD 600 million to shareholders in fiscal 2016 through ongoing quarterly cash dividends and share repurchases. The company will pay its next quarterly cash dividend of USD 0.085 per share on 15 December. For the fourth quarter, the company is guiding for revenue of USD 1.20, plus or minus 2 percent, gross margin of 55.2 percent, plus or minus 50 basic points, and capex at USD 40-50 million.
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