Nvidia sees green in its Q1 FY 2017 earnings report
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There's no stopping the GPU giant as Nvidia's latest financial report for its Q1 2017 fiscal year ending May 1, 2016 reveals excellent numbers overall. Revenue as of this past quarter sits at 1.305 billion USD compared to 1.151 billion USD the same period last year representing an increase of 13.4 percent. Net profit is also up substantially from 134 million to 196 million representing an increase of 46.3 percent.
Compared to the previous fiscal quarter ending Q4 2016, revenue is down just 6.85 percent from 1.401 billion USD. Net profit is also down 5.31 percent from 207 million USD. According to Nvidia CEP Jen-Hsun Huang, all of Nvidia's divisions are still experiencing solid growth.
GPU sales are up 1.079 billion USD compared to 940 million USD the same period last year. Nvidia Tegra sales are up from 145 million USD to 160 million USD. Nvidia's Data Center division that deals with Tesla and DGX-1 platforms experienced the largest growth from 88 million USD to 143 million USD YoY.
OEM sales, however, have declined in revenue by 20.6 percent from 218 million to 173 million YoY. Another weak performer was the "Professional Visualization" division that caters to professional Quadro GPUs and VR where sales climbed from 181 million to just 189 million USD.