Well, at least one tech company is doing well lately. After posting record earnings for its third fiscal quarter, Nvidia has announced another round of record-breaking results, both for its fourth fiscal quarter and for its past fiscal year, which ended on January 27.
Here are the quarterly figures...
*i.imgur.com/pjrx8bC.png
Nvidia's fourth-quarter results are substantially better than those from a year ago. The company's yearly revenue has gone up, too, although net income is a little less than it used to be.
Or, if you prefer commentary from Nvidia's permanently upbeat CEO, Jen-Hsun Huang: "This year we did the best work in our company's history. . . . We achieved record revenues, margins and cash, despite significant market headwinds."
A slump may be on the horizon, though. Nvidia says it expects revenue of $940 million, give or take a couple percent, for the ongoing quarter. According to Reuters, that figure is well below analyst estimates of $1.067 billion. $940 million is however higher than the $924.9 million Nvidia posted for the same quarter last year.
