NVIDIA Announces Financial Results for First Quarter Fiscal 2025


Yes, Nvidia did recently announce their financial results for the first quarter of fiscal 2025, which ended on April 28, 2024. Here are some key takeaways from the press release (https://markets.businessinsider.com/news/stocks/nvidia-announces-financial-results-for-first-quarter-fiscal-2025-1033413292):

  • Revenue: Overall revenue was a record $26.0 billion, up 18% from the previous quarter and a whopping 262% year-over-year.
  • Earnings: GAAP and non-GAAP earnings per diluted share also saw significant increases, up 21% and 19% from the previous quarter, respectively. Year-over-year, these figures jumped 629% and 461%.
  • Data Center Segment: The data center segment was a major driver of growth, with record revenue of $22.6 billion, representing a 427% increase year-over-year and a 23% increase from the prior quarter. This growth reflects strong demand for NVIDIA's Hopper GPUs used in AI training and inference applications.
  • New Products: Nvidia unveiled the Blackwell platform designed for trillion-parameter AI computing and the DGX SuperPOD powered by Blackwell for generative AI supercomputing. They also announced new networking switches optimized for AI infrastructure.
  • Increased Dividend: The company is increasing its quarterly cash dividend by 150% to $0.10 per share on a post-split basis.
  • Future Outlook: The outlook for the second quarter of fiscal 2025 is positive, with revenue expected to be $28.0 billion, plus or minus 2%. Gross margins are also projected to remain strong in the mid-70% range.

Overall, this was a very strong quarter for Nvidia, with record revenue and significant growth across all major metrics. The company seems well-positioned to capitalize on the increasing demand for AI computing and data center solutions

Comments

Post a Comment

Popular posts from this blog

What is skillsider?

Image
,,, Affiliate marketing is a type of performance-based marketing where individuals or companies (called affiliates) promote a business's products or services and earn a commission for each sale or action generated through their referral. How It Works: 1. Join an Affiliate Program: An affiliate signs up with a company or network like Amazon Associates, ShareASale, or ClickBank. 2. Get a Unique Tracking Link: The affiliate receives a special URL that tracks traffic and sales. 3. Promote Products/Services: This can be done via blogs, social media, YouTube, email newsletters, etc. 4. Earn Commissions: When someone clicks the affiliate link and makes a purchase (or completes a desired action), the affiliate earns a percentage or flat fee. Digital vs physical 
Read more

What is blogger,

Image
,,, The term "blogger" has two main meanings depending on the context: 1. A person who writes a blog: In this sense, a blogger is someone who regularly creates and publishes written content on a website or online platform called a blog. They typically focus on specific topics, interests, or experiences, sharing their thoughts, opinions, and information with readers. Blogs can be personal, professional, or focused on specific niches like travel, technology, fashion, etc. Bloggers write for various reasons, such as sharing their expertise, building an audience, or connecting with others who share their interests. 2. A blogging platform: In this sense, "blogger" sometimes refers to a specific blogging platform called Blogger.com, launched by Google in 1999. This platform allows users to create and manage their own blogs with features like customizable layouts, post scheduling, and analy...
Read more

Graham Thorpe: A Loss to Cricket

Image
  Yes, you're correct. Former England cricketer Graham Thorpe tragically passed away at the age of 55. He was a highly respected batsman and coach, known for his elegant style and unwavering determination.   1. Ex-England cricket star Graham Thorpe has died aged 55 | UK News news.sky.com Thorpe's death has sent shockwaves through the cricket world, with tributes pouring in from players, fans, and the cricketing community as a whole.   1. Graham Thorpe Was The Unstarry Standout Of England's Test Cricket Team - Forbes www.forbes.com Would you like to know more about Graham Thorpe's career or the impact of his death on the cricketing world
Read more