NVIDIA has posted a net profit of $7.7 million on revenues of $65.5 million, for the quarter ended January 31.
biz.yahoo.com
For the fiscal year, NVIDIA is already profitable because they had a great previous quarter also (ended October 31). With a bit of creativity, you could say that NVIDIA now is the #2 or #3 graphics chip company behind ATI (and possibly Matrox) in terms of revenues, at least for the previous 6 six months.
There's no specific product-related info in the release, although the quote about growing momentum and market share (outlook on 1999) sounds optimistic.
Comparing with the previous quarter, which is perhaps more meaningful than the comparison with a year ago as given in the release, revenues increased from $52 million to $65.5 million, while net income increased from $7.1 million to $7.7 million. The relatively small increase in income given the higher revenue level is due to R&D increasing from $6.3 to $8.4 million, and SGA from $4.7 to $6.4 million.
Gross margins were relatively stable, decreasing from 35.8% in the previous quarter to 35.3 percent, probably associated with lower ASPs offset by higher units volumes.
I don't expect NVIDIA to be able to sustain this momentum in the short term, given that their next generation product has not yet been announced, but with the TNT chip they don't seem to be as badly positioned as in previous product transitions (RIVA 128/ZX to TNT). |
