Nvidia posts first-quarter financials, plans Icera shutdown
by from Techreport on (#8SDQ)
Nvidia's first-quarter financial results are in. Revenue was $1.15 billlion, up four percent from the same time last year. Net income fell two percent year-over-year to $134 million, while gross margin rose 1.9 points to 56.7%. Here are the full details:
In the upcoming quarter, the company will be winding down or selling off its Icera cellular modem business . If nobody steps in to buy Icera, Nvidia will incur a restructuring charge of $100-125 million at ...