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NVIDIA Q2 Sales, Income Up

Time: 17:15 EST/22:15 GMT | News Source: The Register | Posted By: Steven Chalfont

NVIDIA saw its sales rise sequentially and annually during the second quarter of its 2004 financial year, the graphics chip maker said yesterday. Its income was up too, despite earlier warnings the company's gross margins wouldn't be up to scratch.

Revenue for the three months to 27 July totalled $459.8 million, up eight per cent on Q2 2003's $427.3 million and 11.9 per cent on the $405 million it reported for Q1 2004.

The quarter's sales yielded a net income of $24.2 million (14 cents a share), compared to the $19.7 million (12 cents a share) it racked up last quarter and the $5.3 million (three cents a share) it announced this time last year.

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