NVIDIA Q1 Fiscal 2010 Financials

Posted: May 8 2009, 10:00am CDT | by , Updated: Aug 11 2010, 2:16pm CDT, in News | Technology News

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NVIDIA has announced the financials for the first quarter of its fiscal 2010 year. The company is certainly still feeling the effects of the tough global economy with revenue for the quarter totaling $664.2 million compared to the $1.2 billion hauled in for Q1 fiscal 2009.

During the quarter, NVIDIA says that it recorded a non-recurring charge of $140.2 million thanks to a cash tender offer to purchase employee stock options. For Q1 fiscal 2010 NVIDIA had a net loss of $201.3 million or $0.37 per share.

The GPUY maker points out that it was able to grow market share for the quarter from 63% to 69%. The company also notes that revenue grew 38% when compared to Q4 fiscal 2009. "We made good progress managing expenses and significantly reducing inventory, while continuing to invest in our growth strategies," said Jen-Hsun Huang, president and CEO of NVIDIA. "The GPU is ever-more central to our computing experience. There are a rapidly growing number of applications that rely on the GPU, and the industry is gearing up to launch the next generation operating systems that adopt GPU computing."


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