Nvidia has just published its latest set of quarterly and full year financials. In what it calls it's Fourth Quarter and Fiscal 2017 results the green team had plenty to boast about. All its businesses other than OEM & IP (licensing) saw double digit growth in the last year with its gaming and data centre businesses providing particularly spectacular results.
In a summary set of bullet points Nvidia's better than expected results can be summed up as follows:
- Record quarterly revenue of $2.17 billion, up 55 percent from a year ago
- Record full-year revenue of $6.91 billion, up 38 percent from a year ago
- Record quarterly GAAP gross margin at 60.0 percent, non-GAAP gross margin at 60.2 percent
- GPU computing platform continues to power gains across full product line
The business of most interest to HEXUS readers, Nvidia's GPUs for PC gaming, still contributes more than three-quarters of its total revenue. This segment's business performance has been remarkable, up 57 per cent during the year. Furthermore, over the year, revenue from professional visualization was up 11 per cent, data centre soared 138 per cent, and automotive ascended 52 per cent. Analyst Patrick Moorhead Tweeted about how impressed he was with Nvidia's overall performance.
"We had a great finish to a record year, with continued strong growth across all our businesses," said Jen-Hsun Huang, founder and chief executive officer of NVIDIA. "Our GPU computing platform is enjoying rapid adoption in artificial intelligence, cloud computing, gaming, and autonomous vehicles."
In a conference call post-results Huang said that he expects Nvidia to continue to enjoy growth in gaming as well as a near-term boom from its data centre business. Automotive looks like it needs a bit more time but is nevertheless still a positive right now.
Nvidia's stock value has risen from $25 a year ago to $116 today.