Nvidia rides the GPU-demand tide to another record quarter
by from Techreport on (#3FEVW)
Nvidia released its financial results for the fourth quarter of 2017 (its fiscal 2018) today, along with its full-year results. The green team pulled in $2.91 billion in revenue, up 34% year-on-year, which it describes as a record result. The company made $1.07 billion in operating profit, up 46% on the year, and $1.1 billion in net income, up 71% on the year. The company realized gross margin of 61.9%, up 1.9 percentage points on the year.
The vast majority of Nvidia's income continues to come from its various GPU businesses. The company's graphics processors pulled in $2.46 billion in revenue, up ...