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NVIDIA Announces Record $7.64 Billion Revenue in Q4

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Babafemi Adebajo
Babafemi Adebajohttps://www.definitionsbyadebajo.com

Femi is a freelance content writer with adequate experience creating content for online and offline media across different niches including technology. When he is not writing, you can find him trying out new technology or reading.

NVIDIA today announced a record revenue of $7.64 billion for the fourth quarter ending January 30, 2022, 53% up from the last year. The reported revenues increased by 8%, compared to the third quarter. According to the company’s press release, the Data Center, Gaming, and Professional Visualization market subsidiaries all showed record income for the quarter and fiscal year.

Non-GAAP revenue per diluted share was $1.32, 69% more than Q3. The GAAP earnings per diluted share for the quarter was at a record $1.18, 103 percent from the previous year and 22% more than in Q3.

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At the end of the fiscal year 2022, the tech company recorded an all-time high income of $26.91 billion, 61% more than fiscal 2021’s $16.68 billion. GAAP revenue per diluted share was at a record $3.85, a 123% year-over-year increase from $1.73. The ending fiscal year’s Non-GAAP revenues per diluted share were $4.44, at a 78% year-over-year increase.

According to Jensen Huang, founder of NVIDIA, the demand for its computing platforms has dramatically increased. Additionally, the CEO asserts that his company’s activities help advance highly impactful areas like creative design, gaming, digital biology, artificial intelligence, and robotics.

  • Prospects of fiscal 2023

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Looking into the New Year, NVIDIA expects to continue its robust momentum across all its platforms through its recent software business models. The organization also announces it will launch many new products, partners, and applications for NVIDIA computing in fiscal 2023.

NVIDIA is a Santa Clara, California-based American multinational technology company incorporated in Delaware. Founded in 1993, the company is a leading manufacturer in designing graphics processing units for the professional markets and the gaming world. Moreover, NVIDIA, which recently announced a deal with Jaguar Land Rover, produces chip units well-known for use in electronic game consoles, personal computers, and automobile devices.

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