NVIDIA Q1 net profit of 77.9 million dollars year-on-year increase 29%

Tencent Science and Technology (slides) Beijing time May 10 News, according to foreign media reports, graphics processor manufacturers nvidia (NVIDIA) today released its first-quarter results. Benefiting from the market's strong demand for high-end gaming equipment, the company's first-quarter revenues and profits exceeded analysts ' expectations. In the first quarter of April 28, the net revenue from Nvidia grew to $77.9 million from $60.4 million a year earlier, with an increase in earnings from 10 cents to 13 cents per share. Revenue grew 3.2% to 954.7 million dollars year-on-year. Analysts had an average earnings of 10 cents per share, with a revenue of $940 million. Wedbush Nomura analyst Becky Fan Cisse (Betsy Van Hees) said high-end computer buyers are still willing to buy more Nvidia's latest graphics cards to gain a better graphic experience in the game. This helped Nvidia steer clear of the impact of the worst sales slump in the PC industry's history. Global PC sales fell 14% per cent in the first quarter of 2013, a record high, according to IDC, a market research firm. "Nvidia dominates the PC gaming industry," Fan Cisse said. "They are very good at technology, and gamers are willing to spend money on this excellent technology." "Nvidia's shares rose 3.5% to 14.4 dollars after trading. The unit rose less than 1% to $13.91 in the previous session, making it 13% per cent this year. Nvidia's second-quarter results were expected to be flat in the second quarter with 54.3% in the first quarter. Analysts had previously expected gross profit margins of 53% in the first and second quarters. Mobile processor Nvidia has now entered the mobile device processor industry to reduce reliance on the shrinking PC industry. Nvidia said revenue for the second quarter was expected to be $975 million trillion, below analysts ' generally expected $1.01 billion trillion. Nvidia CEO Huang said in April this year that sales growth in Tegra Mobile processors will remain stable this year. Nvidia has slowed the development of a new generation of Tegra 4 processors to speed up the introduction of Tegra 4i, a product that integrates cellular network baseband, to meet the needs of handset manufacturers. To better compete with Qualcomm, which occupies half of the market for mobile processors, companies such as Nvidia, Bo and Intel need to speed up the introduction of processor chips that integrate high-speed Internet connectivity, FBR analyst Roland said.