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"We are very proud to have achieved our first billion dollar quarter. And, while it is a wonderful milestone to reach, we believe this is just the beginning," said NVIDIA President and CEO Jen-Hsun Huang.   (Source: NVIDIA)
NVIDIA records revenue of $1.12 billion USD for 2008 fiscal third quarter

After hearing quarterly earnings reports from Intel, AMD, Apple and Microsoft, it's now time to hear what's shaking from the guys in Santa Clara, California. NVIDIA today reported that it brought in a record revenue of $1.12 billion USD for the 2008 fiscal third quarter which ended on October 28, 2007.

"We are very proud to have achieved our first billion dollar quarter. And, while it is a wonderful milestone to reach, we believe this is just the beginning," said NVIDIA President and CEO Jen-Hsun Huang. "Our core businesses are continuing to grow as the GPU becomes increasingly central to today's computing experience in both the consumer and professional market segments."

The $1.12 billion USD tally marks the first time that a GPU company crossed the $1 billion USD threshold. NVIDIA also recorded net income of $235.7 million USD which represented a 121 percent increase year-over-year.

Total revenue for NVIDIA thus far through fiscal 2008 is $2.90 billion USD, while net income stands at $540.7 million USD. This compares with $2.19 billion USD and $285.3 million USD respectively for the first nine months of fiscal 2007.

"This is the era of visual computing and NVIDIA is at the forefront. People want a delightful, compelling experience when they interact with their computing devices, whether it's on a phone, notebook, game console, or workstation," Huang added. "NVIDIA is leading the way in making this experience more intuitive and rewarding through our relentless pace of innovation and focus on execution."

NVIDIA attributes the record quarter to a 33 percent increase in desktop GPU products and a 120 percent increase in mobile GPU products. Other star performers included NVIDIA's Quadro family of professional graphics processors and the new Tesla desk-side supercomputer products.

The news on the NVIDIA front has been pretty fierce over the past week. NVIDIA first set tongues wagging with the announcement of the GeForce 8800 GT. The GPU, which is based on 65nm G92 architecture is priced from $199 to $249 and brings back memories of the NVIDIA GeForce 4 Ti 4200 and Radeon 9800 on a performance-per-dollar basis.

Many in the hardware community let out a collective yawn when NVIDIA announced its new Enthusiast System Architecture (ESA). ESA aims to give enthusiasts control over a wide gamut of hardware components through a centralized software app.

More news on upcoming NVIDIA GPUs was also revealed by DailyTech earlier today. The company is set to unleash yet another 65nm variant of the 8800 GTS making for some very confused enthusiasts this holiday season.

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By Ard on 11/8/2007 8:47:50 PM , Rating: -1
Anyone else think that picture of Huang is seriously airbrushed? Either that or he's recently had Botox. Something just doesn't look natural...

In any event, congrats to NVIDIA. Just further validation that they've been dominating the industry for the last 2-3 generations.

RE: Hmm..
By Dactyl on 11/8/2007 8:54:19 PM , Rating: 2
It's probably the eyebrows. They're creeping me out.

RE: Hmm..
By Polynikes on 11/8/2007 8:57:51 PM , Rating: 3
What eyebrows? I see very light shadows expertly positioned where his eyebrows should be. Perhaps he had a run-in with an open flame. :P

RE: Hmm..
By BansheeX on 11/8/2007 9:13:11 PM , Rating: 5
Who needs eyebrows when your competition doesn't make you sweat?

RE: Hmm..
By EODetroit on 11/9/2007 9:48:17 AM , Rating: 2
Yeah, now that you mention it... the eyebrows... he doesn't really have them.

RE: Hmm..
By Suomynona on 11/9/2007 10:01:47 AM , Rating: 2
Your greyscale is adjusted properly when the eyebrows completely disappear.

RE: Hmm..
By PAPutzback on 11/9/2007 10:26:59 AM , Rating: 2
Sheesh. The picture didn't creep me out till I read this post.

RE: Hmm..
By AstroCreep on 11/8/2007 9:16:22 PM , Rating: 2
What I find entertaining is his tie; a very bright green (almost 'nVidia Green') tie.

RE: Hmm..
By spluurfg on 11/8/2007 11:07:53 PM , Rating: 2
Well you can make out stubble and the skin texture near his ears from hard lighting. Maybe they photoshopped out pimples and stuff, but it doesn't look like a fashion mag job or anything to me. I guess he got a haircut for the photo...

Back on topic, net income of roughly 1/6 revenue seems pretty good for such a tech company. I'm curious to know what the EBITDA margins are. Amortization is a huge cost to technology companies that rely on fabrication technology, so I suppose Nvidia saves a lot of money by outsourcing chip production.

RE: Hmm..
By PandaBear on 11/9/2007 1:09:32 AM , Rating: 3
Must be the rendering, not a real picture. This is just the latest on how far GPU come along.

RE: Hmm..
By Houdani on 11/9/2007 10:20:30 AM , Rating: 1
Not airbrushed -- just supersampled with AA and AF cranked up. The HDR on the tie is just muting all the other colors and making the scene a bit more hazy.

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