Initiating a significant rise with the pandemic, Nvidia is breaking records thanks to the high demand despite the global chip crisis. For the last 6 quarters, the company has been continuously increasing its revenues.
How is Nvidia’s financial performance?
According to the information announced, Nvidia broke its historical record with a total revenue of 7.64 billion dollars in the last quarter of last year. There was an increase of 53 percent on a yearly basis and around 8 percent on a quarterly basis. Net income, on the other hand, increased 100% to $3 billion.
In the 12-month period, $26.9 billion in revenue was achieved and an increase of 61 percent was seen. Net income, on the other hand, increased 125 percent to $9.7 billion. Net revenues were up more than 100 percent in both the quarter and the year.
Gaming division grew 37 percent with $3.42 billion and made the largest contribution. Data centers saw an increase of 71 percent with $3.26 billion. It has been announced that the automotive segment is on the decline, while virtualization is on the rise again.
Nvidia will continue to break records in the current quarter. Revenue estimates will make new history with $8 billion. It is stated that the conflict with ARM will cause a loss of $ 1.36 billion in this period.
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