NVIDIA Announces Record Fiscal 2008 Profits

Posted: Feb 14 2008, 12:17pm CST | by , Updated: Aug 11 2010, 6:14am CDT, in News | Other Stuff

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NVIDIA reported its Q4 financial results for fiscal 2008 recently with record revenue. NVIDIA’s profits increased to a record setting $1.20 billion compared to the $878.9 million from Q4 fiscal 2007 for an increase of 37%.

Annual revenue for the fiscal year ended Jan 27, 2008 for NVIDIA and was a massive $4.10 billion compared to revenue of $3.07 billion for the same term last year. NVIDIA added a billion in profits this year.

"Fiscal 2008 was another outstanding and record year for us. Strong demand for GPUs in all market segments drove our growth. Relative to Q4 one year ago, our discrete GPU business grew 80%. Our growth reflects the ever-increasing use of rich graphics in applications from Google Earth to Apple iTunes to online virtual worlds," said Jen-Hsun Huang, president and CEO of NVIDIA.


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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
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