Nvidia said the rapid spread of the lethal Coronau it is likely to have a significant impact on its Q1 earnings. It specifically says it expects Q1 to generate $ 3 billion in revenue, plus or minus two percent of market estimates of $ 2,85 billion in revenue. Nvidia's CEO, Jensen Huang, published the data center revenue recording and observed a strong adoption of its "accelerated" computing products.
Nvidia surpassed estimates for Q4 financial results, but the manufacturer GPU predicts a decline in the company's revenue for the current quarter due to uncertainty created by the Coronation.
The Santa Clara, California-based company reported net income of $ 950 million, or $ 1,53 per share. Non-GAAP revenue was $ 1,89 per share on $ 3,11 billion in revenue, up 41% year-over-year.
Wall Street sought earnings of $ 1,67 per share on revenue of $ 2,97 billion. For the year, Nvidia posted $ 4,52 EPS of $ 10,9 billion in revenue, down 7% from $ 11,72 billion last year. Analysts expect EPS of $ 5,58 billion with revenue of $ 10,78 billion.
According to Jensen Huang, NVIDIA AI makes it possible for language learners, mobile interlocutors AI and the reference machines, the basic algorithms that power the internet today. In addition, NVIDIA's new 5G computer applications, genomics, robotics and autonomous vehicles allow the company's human resources to continue the important work that has a profound impact as well as being able to devise and embrace the greatest technological trends of the time.
Revenue from Nvidia's GPU business exceeded $ 2,77 billion, up 40% from a year earlier. Gambling revenue totaled $ 1,4 billion, data center revenue was $ 968 million, up 43% year-over-year, and professional revenue totaled $ 331 million.