Nvidia once again in the green for its latest fiscal quarter
Nvidia stock has been bullish these past few months due to the company's wave of recent successes. With the exception of Nvidia's OEM and IP arms, the GPU maker has reported healthy growth numbers across all of its other divisions for its Q1 FY2018 period ending April 30, 2017. Year-over-year sales have increased significantly by 48 percent from 1.305 billion USD in Q1 FY2017 to 1.937 billion USD.
Net profit is even more impressive at 507 million USD compared to 208 million USD during the same period last year for an increase of 144 percent. Revenue from Tegra SoCs more than doubled from 160 million USD to 332 million USD likely due to the company's involvement with the recently released Nintendo Switch console.
Nvidia's gaming segment, of course, continues to be the bread and butter of the company. Revenue is up from 687 million USD in Q1 FY2017 to 1.027 billion USD as of Q1 FY2018. Revenue from the company's data center business almost tripled to 409 million USD.
Lastly, revenue from the company's fledging automotive segment has risen 24 percent from 113 million USD to 140 million USD while its OEM and licensing business declined by about 10 percent to 156 million USD.
Nvidia recently detailed its upcoming Volta series of GPUs with 21 billion transistors and over 5000 cores to stir up hype for what to expect next after Pascal.