Earlier this month, NVIDIA reported sales of $977.2 million and GAAP net income of $94.4 million, $0.16 per share, and gross margins of 55.8%.
The NVIDIA business today covers almost every market for graphics and visual products. NVIDIA products Quadro and Tesla dominate the markets for professional graphics and GPU computing. The same technology is found in high-end gaming PCs. For some time, NVIDIA has been selling mobile processors for smart phones and tablets. The reach of the NVIDIA Tegra processors also extends into embedded systems in the automotive market and others.
An on-going and interesting trend for NVIDIA's business remains their ability to develop excellent core technologies, graphics processors, and then grow the market for GPUs with their software tools for developers and hardware systems for customers. Quadroplex was perhaps NVIDIA's first hardware solution. It was developed to solve high-end visualisation problems for customers.
NVIDIA GRID and GRID VCA began shipping this quarter and continue this strategy to expand NVIDIA's palette of solutions for customers. NVIDIA GRID technologies and solutions provide a comprehensive solution for customers to leverage the power of GPUs in the data centre – with all the possibilities that presents for customers including remote and virtualised workstations and HPC computing solutions.
Now the company has extended this strategy to their products for the general public. This July NVIDIA began shipping Shield – a handheld gaming product based on Tegra.
"The GPU business continued to grow, driving our fourth consecutive quarter of record margins," said Jen-Hsun Huang, president and chief executive officer of . "We also began shipping GRID virtualized graphics, which puts the power of NVIDIA GPUs into the datacenter. We look forward to a strong second half, with new Tegra 4 devices coming to market, SHIELD moving beyond the U.S. and broader sampling of Project Logan, our next-generation Tegra processor, which brings Kepler, the world's most advanced GPU, to mobile.
Karen Burns, NVIDIA VP and interim CFO stated, “We again achieved record growth margins this quarter. The large increases you have seen quarter-over-quarter and year-over-year reflect our strong market position in high margin segments of our GPU business, particularly in desktop and workstations.”
Senior Director for Investor Relations, Chris Evenden stated, “Telsa had an excellent quarter very nearly its best ever. Notably this quarter's revenue was driven by application-based deals. That is customers using off-the-shelf applications are turning to Tesla GPUs to accelerate them. This validates our continued investment in software. For example, last week's acquisition of PGI, the leading developer ... for high performance computing.”
It appears that professionals in design, engineering, and construction can look forward to a continuous stream of innovation from NVIDIA be it remote workstation products, GPU computing solutions for simulation and analysis, or simply new, faster, more capable professional graphics. And by helping us, it appears that NVIDIA will be helping its bottom-line, too.