NVIDIA Reveals Financials for Third Quarter Fiscal 2017

NVIDIA reported revenue for the third quarter ended October 30, 2016, of $2.00 billion, up 54 percent from $1.30 billion a year earlier, and up 40 percent from $1.43 billion in the previous quarter. GAAP earnings per diluted share for the quarter were $0.83, up 89 percent from $0.44 a year ago and up 102 percent from $0.41 in the previous quarter. Non-GAAP earnings per diluted share were $0.94, up 104 percent from $0.46 a year earlier and up 77 percent from $0.53 in the previous quarter.

In Datacenter:

  • Launched Tesla P40 and P4 GPUs, and the NVIDIA TensorRT deep learning inferencing framework. These expand NVIDIA’s deep learning platform beyond training to speed up AI inferencing production workloads in hyperscale datacenters.
  • Began shipping the NVIDIA DGX-1 AI supercomputer to research organizations, including OpenAI, Germany’s DFKI and Switzerland’s ITSIA; to universities, including Stanford, New York University and UC Berkeley; and to multinationals, such as SAP.
  • Announced collaboration with Japan’s FANUC to implement AI to increase robotics productivity and bring new capabilities to automated factories.

In Gaming:

  • Announced that NVIDIA gaming technology will power the Nintendo Switch home gaming system.
  • Expanded its line of Pascal GPUs with GeForce GTX 1050 and GTX 1050 Ti, letting new gamers discover the joy of GeForce PC gaming.
  • Introduced GeForce GTX 1080, 1070 and 1060 for notebooks, giving gamers a state-of-the-art gaming platform in beautifully designed notebooks.

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