Record results for Nvidia

August 10th, 2007, 20:14 Posted By: Shrygue

via Games Industry

It's been a great few months for Nvidia, according to financial results posted yesterday for its second fiscal quarter.

Revenue was up 36 per cent year on year to a record USD 935.3 million, while profit doubled to USD 172.2 million.

Jen-Hsun Huang, president and CEO of Nvidia, was delighted with the results. "Our ongoing strategy to extend the reach of the GPU is paying off."

"There is a fast-growing universe of applications that rely on the processing capability of the GPU [which] can surely enhance the computing experience for everyone, from artists, engineers, and scientists, to gamers and everyday PC users."

The company also announced that its stock was splitting three-for-two, meaning that shareholders will receive an additional share for every two they currently hold.

Following the stock split Nvidia will have around 550 million shares outstanding, the company said.

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