Nvidia Reports Another Stellar Quarter Driven By The Launch Of Pascal & Enhanced Interest In …

Leading GPU manufacturer Nvidia (NASDAQ:NVDA) reported its Q2 2017 earnings on August 11th. The company built on its growth momentum by posting revenues of $1.43 billion, an increase of 24% over the prior year and 9% quarter to quarter. It was above guidance  and consensus as well. Except for a 6% decline in its OEM and IP business (in line with declining mainstream PC demand), Nvidia witnessed strong growth in all its business segments. The company registered strong double digit growth across its four key platforms – Gaming, Professional Visualization, Datacenter and Automotive, which together account for 89% of its revenue, up from 85% a year earlier. Nvidia’s business model, based on driving GPU compute platforms into highly targeted markets, is clearly paying off. At the center of the strong Q2 2017 growth was the recently launched…


Link to Full Article: Nvidia Reports Another Stellar Quarter Driven By The Launch Of Pascal & Enhanced Interest In …