Light on the horizon
NVIDIA announced its first quarter earnings late yesterday and, while revenue was still down year-on-year and it still made a loss, the figures represented an improvement on the previous quarter and exceeded analyst expectations.
Revenue was $664.2 million, down 42 percent on the same quarter last year, but up 38 percent on the previous quarter. It posted a net loss of $201.3 million, but this included a one-off charge of $140.2 million for the repurchase of employee stock options.
"We made good progress managing expenses and significantly reducing inventory, while continuing to invest in our growth strategies," said president and CEO Jen-Hsun Huang.
"The GPU is ever-more central to our computing experience. There is a rapidly growing number of applications that rely on the GPU, and the industry is gearing up to launch the next generation operating systems that adopt GPU computing."
This is consistent with the message NVIDIA has been spreading for some time - that the GPU is about more than just gaming. It's clear that Windows 7, and especially DirectX Compute, is something NVIDIA is anticipating will provide a fillip for the GPU industry.
