NVIDIA® Corporation (Nasdaq: NVDA) today reported record revenues and earnings for the first quarter of fiscal 2003 ended April 28, 2002.
For the first quarter of fiscal 2003, revenues increased to $582.9 million, compared to $240.9 million for the first quarter of fiscal 2002, an increase of 142 percent. Actual net income for the first quarter of fiscal 2003 was $83.2 million, or $0.47 per diluted share, compared to actual net income of $26.7 million, or $0.16 per diluted share, for the first quarter of fiscal 2002.
The actual net income per share and number of shares used in the per-share calculation for all periods presented reflect the two-for-one stock split that was effective September 17, 2001.
Separately, NVIDIA announced the filing of audited restated financial results for the first three quarters of fiscal 2002 and for fiscal years 2001 and 2000. These results are reflected in the Company’s fiscal 2002 Annual Report on Form 10-K, which was filed with the Securities and Exchange Commission on May 14, 2002.
“We are extremely pleased with our results for the first quarter of fiscal 2003. During the quarter we entered a new product cycle, and delivered a number of groundbreaking products in each of our core markets. Our nForce platform processors continue to gain momentum and are now the standard core logic for Athlon-based OEM systems worldwide,” stated Jen-Hsun Huang, president and CEO of NVIDIA. “As a result of our strong, comprehensive portfolio of products, we continue to gain market share. With our strong product families, deep product roadmaps, world-class engineering teams and our proven execution record, we are confident that we can continue our progress in each product area we serve going forward.”
nvidia.com
Interesting that one result of Intel's game of musical sockets is that AMD motherboards are now less expensive, better performing, and available with a greater variety of features - especially decent on-board video - than Intel motherboards. And that's despite the market for Intel motherboards being 4 times the size of the market for AMD motherboards.
Going with an Athlon used to add about $50 in motherboard and case/power supply costs to your BOM. Now, especially as the SFF Thoroughbreds become available, it's the P4/Celeron that requires a more expensive motherboard with more expensive cards and a more expensive case with a more expensive power supply with a noisier fan.
The platform cost differences may help AMD maintain Athlon ASPs this fall. |
