Nvidia report quarter one results
The company’s net income stood at $176.8 million or $0.30 per diluted share, also up on-year but down sequentially.
“The growth of GPUs continues to outpace the PC market. We shipped 42% more GPUs this quarter compared to the same period a year ago, resulting in our best first quarter ever,” said Jen-Hsun Huang, president and CEO of NVIDIA. “This is the era of visual computing. With a few hundred million GeForce GPUs in the market, developers can now confidently create applications with dazzling graphics. Amazing applications with beautiful graphics are showing up on the Web constantly, driving even faster adoption of GPUs. We expect this positive feedback loop to continue to drive our growth.”