NVIDIA:net profit for the year fell almost 4 times

 
November 10, 2008, 1:27 am

   The company NVIDIA Corporation otraportovala its findings up to the third quarter of 2009 fiscal year, which ended 26 of the past month. As it turned out, revenue industry leading manufacturer of graphics solutions at $ 897, 7 million, an increase of 20% less than last year. Recall, in the third quarter of 2008 fiscal year, NVIDIA income amounted to $ 1, 12 billion
Nevertheless, over the past nine months the company has increased revenue by 2% over the same period last year and amounted to $ 2, 94 billion at the third NVIDIA quarter recorded costs of $ 8, 3 million related to restructuring and downsizing of staff.
In accordance with GAAP (general accepted accounting principles), net profit for the quarter was $ 61, 7 million, and diluted earnings per share - $ 0, 11. Net income for GAAP for the nine-month period amounted to $ 117, 6 million, and diluted earnings per share - $ 0, 2. Recall, in the third quarter of 2008 fiscal year net profit to GAAP was $ 235, 7 million
Because of its key achievements during the reporting period the company NVIDIA said:

  • product GeForce 9300 and GeForce 9400;
  • Together with the launch of Apple chipset with integrated graphics, GeForce 9400M, which is used in a new line of Mac-notebooks;
  • Announcement of the first in the industry accelerator for Adobe Creative Suite 4 - NVIDIA Quadro CX;
  • Introduction of five new professional GPU Quadro FX for notebooks.

 

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