NVIDIA news again, they have showed their revenue figures for the first quarter which ended on May 1st 2016, usually this is a boring thing, until you see what they’ve reported. They have reached $1.30 billion in revenue (£904,631,078) this is 13% better than they made last year. The stats are listed below:
The NVIDIA co-founder and CEO, Jen-Hsun Huang says:
“We are enjoying growth in all of our platforms — gaming, professional visualization, datacenter and auto,”
“Accelerating our growth is deep learning, a new computing model that uses the GPU’s massive computing power to learn artificial intelligence algorithms. Its adoption is sweeping one industry after another, driving demand for our GPUs.
“Our new Pascal GPU architecture will give a giant boost to deep learning, gaming and VR. We are excited to bring a new wave of innovations to the markets we serve. Pascal processors are in full production and will be available later this month,”
Here’s the full report!
During the first quarter, NVIDIA entered into a $500 million accelerated share repurchase agreement and paid $62 million in quarterly cash dividends. For fiscal 2017, NVIDIA intends to return approximately $1 billion to shareholders through ongoing quarterly cash dividends and share repurchases. NVIDIA will pay its next quarterly cash dividend of $0.115 per share on June 20, 2016, to all shareholders of record on May 26, 2016.
NVIDIA’s outlook for the second quarter of fiscal 2017 is as follows:
- Revenue is expected to be $1.35 billion, plus or minus two percent.
- GAAP and non-GAAP gross margins are expected to be 57.7 percent and 58.0 percent, respectively, plus or minus 50 basis points.
- GAAP operating expenses are expected to be approximately $500 million. Non-GAAP operating expenses are expected to be approximately $445 million.
- GAAP and non-GAAP tax rates for the second quarter of fiscal 2017 are both expected to be 20 percent, plus or minus one percent.
- Capital expenditures are expected to be approximately $30 million to $40 million.
First Quarter Fiscal 2017 Highlights
During the first quarter, NVIDIA achieved progress in each of its four major platforms.
- Launched GeForce GTX 1080 and GTX 1070, based on the new NVIDIA Pascal architecture, bringing the biggest performance gains over the previous generation of processors in a decade.
- Expanded the NVIDIA VRWorks software development kit with Simultaneous Multi-Projection, which heightens realism with new display capabilities, and VRWorks Audio, which delivers physically modeled positional audio.
- Introduced NVIDIA Ansel, an in-game photography tool that lets gamers compose shots from any angle and share them as single images or 360-degree panoramas for viewing in VR.
- Expanded the NVIDIA SHIELD platform’s gaming content available for streaming from GeForce NOW with new titles from Sega, Square Enix and Warner Bros. Interactive Entertainment.
- Extended NVIDIA Quadro leadership in pro visualization markets, with the high-end 24GB Quadro M6000, the mid-range Quadro M2000 and new NVIDIA Iray physically based rendering solutions.
- Unveiled Iray VR, which creates interactive, photorealistic virtual 3D worlds with unparalleled fidelity, enabling the immersive viewing of buildings and products not yet built.
- Expanded NVIDIA’s VR Ready program into the professional market.
- Hosted the seventh annual GPU Technology Conference with 5,500 attendees, 600 technical sessions and 200 exhibitors, focused on artificial intelligence, VR and self-driving cars.
- Unveiled the NVIDIA Tesla P100 GPU, the most advanced accelerator ever built, based on the Pascal architecture.
- Revealed the NVIDIA DGX-1, the world’s first deep-learning supercomputing in a box, with the computing throughput of more than 250 servers.
- Joined Massachusetts General Hospital as the founding technology partner of the MGH Clinical Data Science Center to advance healthcare by applying AI to improve the detection, diagnosis, treatment and management of diseases.
- Received VMware’s Global Technical Partner of the Year and European Regional Technical Partner of the Year awards for partnership with NVIDIA GRID and VMware ESX.
- Made history as NVIDIA-powered WEpods became the first self-driving shuttles to take to public roads.
- Introduced HD Mapping, an end-to-end mapping platform for self-driving cars.
- Announced that NVIDIA DRIVE PX 2 will power all vehicles in ROBORACE, a new autonomous car-racing circuit to debut later this year.