Nvidia has reported revenue of $903.2 million for the third quarter of fiscal 2010. According to CEO Jen-Hsun Huang, revenue increased 16 percent from the previous quarter and rose slightly from the $897.7 million figure posted during the same period a year earlier.
"We continued to make progress in the third quarter with healthy market demand across the board," said Jen-Hsun. "Revenue was up from a year ago, with improvement in each of our PC, professional solutions and consumer businesses. It's great to see us shipping orders with our Tegra mobile-computing solution, and growing enthusiasm for our Tesla platform for parallel computing in the server and cloud-computing markets."
Nvidia CFO David White explained that the company's GPU business - which includes desktop, notebook and memory - was up almost 25 percent sequentially. ??
"Demand was strong throughout the quarter in both the desktop and notebook segments, with many customers on allocation as a result of stronger than anticipated demand, coupled with supply constraints that limited us throughout the entire quarter, particularly regarding 40nm products," stated White.
He added that the desktop segment of Nvidia's GPU business increased approximately 19 percent quarter-over-quarter, while the notebook sector was up approximately 41 percent.
Additional highlights include: