Nvidia marks the death of crypto demand in Q2 of its fiscal 2019
by from Techreport on (#3WZ8V)
Nvidia reported its results for the second quarter of its fiscal 2019 today. The company pulled in $3.12 billion in revenue, up 40% year-on-year, and operating income of $1.16 billion, up 68% year-on-year. Gross margin was 63.3%, up 4.9 percentage points on the year. The company reported record revenue across all of its divisions.
The GPU business made up the vast majority of Nvidia's revenue at $2.66 billion. The company said strong performance in its gaming, professional visualization, and data-center products made up for a "substantial decline" in cryptocurrency sales. Gaming revenue was up 52% from this time last year at $1.8 billion thanks to strong sales ...