NVIDIA reports Q4 2012 earnings: annual revenue up 12.8 percent, net income doubles

If you thought we were done with the numbers game, think again. NVIDIA has just pushed out its figures for Q4 of FY 2012 and things are looking good. Revenue for the quarter was $953 million, a 10.6 percent decline over Q3, but if you look over the entire year revenue increased 12.8 percent over fiscal 2011. Net income, too, was down compared to Q3, but looking annually, when compared to 2011 income more than doubled, from 253 million to 581. CEO Jen-Hsun Huang was predictably pleased with the outcome, saying: "We expect continued growth ahead, as Tegra 3 powers a new wave of quad-core super phones and Kepler, our next-generation GPU architecture, sets new standards in visual and parallel computing." We're expecting plenty of great devices too -- the Transformer Prime TF700T in particular.

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NVIDIA reports Q4 2012 earnings: annual revenue up 12.8 percent, net income doubles originally appeared on Engadget on Wed, 15 Feb 2012 17:03:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2012/02/15/nvidia-q4-2012-earnings/

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