Nvidia rides AI and deep learning to strong first-quarter financials
by from Techreport on (#2NXAP)
Nvidia's first-quarter financial results are in, and they'll probably continue to make other tech companies green with envy. The GPU maker raked in $1.94 billion in revenue for its fiscal 2018 first quarter, up 48% from a year ago. It also enjoyed operating profit of $554 million, up 126% from a year ago. Gross margin increased 1.9% from a year ago to 59.4%.
Surprising nobody, Nvidia says growth in demand for its GPUs across all of its businesses drove these results. On the way to $1.56 billion in GPU revenue, the ...