updated 08:16 am EDT, Fri August 8, 2014
Company records expected to be broken next quarter
Video card maker Nvidia yesterday reported revenue for the second quarter of its 2015 fiscal year ended July 27. It reported revenue of $1.10 billion, up 13 percent from $977 million a year earlier, and in line with the previous quarter. Revenue for the first half was up 14 percent, to a record $2.21 billion from $1.93 billion a year earlier. In line with record revenue, the company also posted record gross margin of 56.1 percent.
"We had a great quarter with strong gains in each of our three growth areas -- Gaming, Datacenter & Cloud, and Mobile," said Jen-Hsun Huang, president and chief executive officer of Nvidia. "Our Tesla datacenter business is in high gear, benefiting from strong demand from cloud service providers, and our new Shield tablet is generating considerable excitement. Nvidia's accelerating growth stems directly from investments in extending our visual computing leadership to the mobile-cloud revolution."
For the third quarter of fiscal year 2015, the company is expecting revenue of $1.2 billion, with a gross margin of 55.2 percent.