PCs? Eh, who needs ’em? Nvidia asks while hoovering up more cash

Nvidia says its last quarter set record high marks for revenues, as returns were up across the board. For the second quarter of fiscal 2017 – the three months to July 31 this year – the California-based GPU specialists logged: Revenues of $1.43bn, a 24 per cent increase over last year’s $1.15bn. Net income of $253m was up 873 per cent over $26m in Q2 fiscal 2016, when the company took big hits to its bottom line thanks to write-downs and restructuring costs. Earnings per share of 40 cents topped analyst estimates of 37 cents. Gaming hardware revenue of $781m was up 18 per cent on the year. Professional systems revenue of $214m, up 22 per cent on Q2 fiscal 2016. Data center hardware revenue of $151m was more than…


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