NVIDIA Reports Record Revenues and Earnings for Third Quarter Fiscal 2001:
SANTA CLARA, CA — November 9, 2000 — NVIDIA® Corporation (Nasdaq: NVDA) today reported record revenues and earnings for the third quarter of fiscal 2001 and the nine months ended October 29, 2000.
For the third quarter of fiscal 2001, revenues increased to $198.2 million, compared to $97.0 million for the third quarter of fiscal 2000, an increase of 104 percent. Operating income for the third quarter of fiscal 2001 was $36.6 million, compared to $15.1 million in the third quarter of fiscal 2000. Net income for the third quarter of fiscal 2001 was $28.1 million, or $0.35 per diluted share, compared to $10.6 million, or $0.15 per diluted share for the third quarter of fiscal 2000. Diluted shares increased to 80.4 million in the third quarter of fiscal 2001 as compared to 71.9 million in the third quarter of fiscal 2000.
Revenues for the nine months ended October 29, 2000 were $517.0 million, an increase of 110 percent compared to revenues of $246.1 million for the nine months ended October 31, 1999. Operating income for the nine months ended October 29, 2000 was $91.2 million compared to $33.6 million for the nine months ended October 31, 1999. Net income for the nine months ended October 29, 2000 was $68.9 million, compared to net income of $23.5 million for the nine months ended October 31, 1999. Diluted net income per share for the first nine months of fiscal 2001 was $0.87, compared to a diluted net income per share of $0.33, in the same period last year.
"Our third quarter highlights the continued execution of our core strategy," stated Jen-Hsun Huang, president and CEO of NVIDIA. "We extended our technology leadership position with our newest GPU, the GeForce2 Ultra. The rapid adoption of our top-to-bottom family of GPUs by the world's leading OEMs and system builders is driving our market share gains. And, we have innovative product development programs that will drive our franchise beyond our core desktop market in the coming months. We are in a terrific position for continued growth."
For more financial information, please access the investor relations' portion of NVIDIA's web site at www.nvidia.com/Company.nsf/Investor.html. |
