Nvidia revenues, profit surge ahead in record Q4

Friday 9 February 2018 | 11:11 CET | News
Nvidia reported record revenues for the fourth quarter and full year, buoyed by companies around the world looking to incorporate AI, from internet and cloud service providers, to transportation, manufacturing, and healthcare companies, plus smart cities and other innovators. The company will however keep its return to shareholders for fiscal 2019 at USD 1.25 billion and the next dividend at USD 0.15 per share. 

For the quarter, revenues rose 34 percent from the year before to a record USD 2.911 billion, with the net profit surging 71 percent to USD 1.118 billion and diluted earnings per share jumping 80 percent higher to USD 1.78. The gross margin improved to 61.9 percent from 60.0 percent. The company had guided for revenues of USD 2.65 billion, plus or minus 2 percent, with a gross margin of around 59.7 percent. 

For its fiscal full year 2018, revenues advanced 41 percent to USD 9.714 billion. The net profit leaped 83 percent to USD 3.047 billion, with diluted EPS lifting 88 percent to USD 4.82 and the gross margin going higher to 59.9 percent form 58.8 percent. 

Nvidia CEO Jensen Huang noted the success of the company’s Volta GPUs and Drive platform. Attendees to the company’s GPU tech conferences have jumped 10-fold in five years, as software developers working in AI, self-driving cars and a broad range of other fields continue to work with the computing platform. 

Looking ahead to its fiscal first quarter, Nvidia is guiding for revenues at USD 2.90 billion, plus or minus 2 percent, and a gross margin of 62.7 percent. 

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