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Thursday, 17 February 2011 10:49

Nvidia posts strong Q4 figures

Written by Fudzilla staff


Improved margin, higher revenues
Nvidia announced its estimated Q4 earnings on Wednesday and the figures are somewhat better than expected.

However, revenue failed to meet expectations and at $886.4 million it's 9.8 percent lower than last year and $8 million below earlier estimates. In spite of this Nvidia managed to record a 5 percent sales jump quarter-on-quarter and gross margins also went up from 46.5 to 48.1 percent over the same period.

CEO Jeh-Hsun Huang noted that Nvidia's investment in mobile computing and parallel computing is now the key driving factor behind the company's growth.

Nvidia expects revenue will go up between 6 and 8 percent in Q1 and it hopes to push margins up to 48.5 to 49.5 percent.

Fudzilla staff

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