NVIDIA Reports Financial Results for Second Quarter Fiscal 2014
NVIDIA today reported revenue for the second quarter of fiscal 2014, ended July 28, 2013, of $977.2 million, up 2.4 percent from $954.7 million in the previous quarter. GAAP earnings per diluted share were $0.16, up 23.1 percent from $0.13 in the previous quarter. Non-GAAP earnings per diluted share were $0.23, up 27.8 percent from $0.18 in the previous quarter. NVIDIA’s outlook for the third quarter of fiscal 2014 is revenue of $1.050 billion, plus or minus two percent.
“The GPU business continued to grow, driving our fourth consecutive quarter of record margins,” said Jen-Hsun Huang, president and chief executive officer of NVIDIA. “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.”
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