Nvidia reports increased sales for latest quarter
Nvidia has announced its latest financial results for Q3 FY2016 ending on October 25, 2015. The company has recorded a quarterly revenue of $1.305 billion USD compared to $1.225 billion a year earlier. This represents an increase of 6.5 percent for Nvidia. Its 9-month YoY revenue has increased from $3.431 billion to $3.609 billion USD.
For Q3 FY2016, Nvidia posted operating profits of $245 million USD, which is up from $209 million USD as of FY2015, representing an increase of 17.2 percent. Net income is up 42.2 percent from $173 million to $246 million USD. In 9-month YoY comparisons, operating profits have actually fallen slightly by 6.7 percent from $528 million USD to $495 million USD. Net profit has also fallen to $406 million from $437 million (-7.1 percent) during the same time frame.
The strongest revenue driver for Nvidia is again from its GeForce GTX series of gaming graphics cards. Here, Nvidia boasts a sales increase of 40 percent. Meanwhile, the Quadro, Tesla, and Grid sales have fallen 8 percent YoY. Sales of Tegra processors have also plummeted by 23 percent YoY.
Nvidia has posted a turnover of $761 million USD for its gaming sector compared to $528 million during Q3 FY2015. Sales of Pro Visualization have fallen from $206 million USD to $190 million USD. The Data Center and Tegra OEM sectors made $82 million USD and $192 million USD, respectively, down from $90 million USD and $350 million USD a year earlier.