Nvidia Q4 rises, posts record high full year results

Graphics giant Nvidia announced record high full-year results on the increased need for multimedia graphics in electronics devices.

Riding a wave of increased demand for digital video and gaming, graphics chip maker, Nvidia, has announced record results for its full fiscal year ended January 29.

The company posted Q4 revenue of $US633.6 million, up 12 per cent compared to the same time a year earlier, while its net profit leapt 104 per cent to $US98.05 million from $US48.01 million.

Nvidia's full year revenue, it was the company's fiscal 2006, shot to a record $US2.38 billion, up from $US2.01 billion a year earlier. Its net profit more tripled to $US302.6 million from $US100.4 million.

The company benefitted from strong sales of its graphics processing units, which create cinema-like graphics on desktop and notebook PCs, as well as increased sales of computer chipsets. Chipset sales increased partly to meet a demand vacuum created by a lack of Intel chipsets.

Nvidia forecast even better times ahead with the launch of new game consoles, Microsoft's Window's Vista, 3G mobile telephony and high definition video such as HD-DVD and Blu-ray. It is also providing graphics technology to what may be one of the year's hottest products, Sony Computer Entertainment's PlayStation 3 game console.

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Dan Nystedt

IDG News Service
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