Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google News
Whatsapp

NVIDIA Announces Record $7.64 Billion Revenue in Q4

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.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

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.

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

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.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic