Nvidia’s Profit Jumps 44 percent year-over-year
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Brisk demand for graphics chips boosted Nvidia’s sales and profit in the first quarter, sending the company’s shares up in extended trading. Nvidia said its bottom line popped 44% year-over-year to $132.3 million in net income, or 33 cents a share.
“With our continued focus on operational excellence, gross margins achieved a company record,” said CEO Jen-Hsun Huang in a statement. “We maintained leadership in each of our core product lines, which positions us for continued growth throughout the year.”
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