The American manufacturer of electronic chips and graphics cards Nvidia made a net profit of 19.309 million dollars (18.243 million euros) during its third fiscal quarter ended in October. A figure that represents a 109% increase in profits compared to the same quarter of the previous year, as the tech company reports.
Nvidia’s revenue between August and October totaled a record $35.082 million (€33.145 million), 93.6% more than a year earlier, representing a further slowdown compared to the annual sales growth of the multinational of 122%. in the previous quarter, as well as 262% in the first quarter of the current financial year and compared to the 265% increase observed in the last quarter of the previous fiscal year.
Nvidia’s third-quarter data center revenue increased 112% year-over-year and 17% quarter-on-quarter, to $30.771 million (€33.145 million), as the sector games and AI for PC brought in 3.279 million dollars (3.098 million euros). million euros), 15% more than a year ago and 14% more compared to the second quarter.
Thus, during the first nine months of its financial year, Nvidia obtained a net profit of 50.789 million dollars (47.986 million euros), which implies an improvement of 190.6% compared to the same period of the ‘previous year, while revenues totaled $91.166 million (€86.134 million). million euros), 134.8% more.
“The AI era is in full swing, driving a global shift toward Nvidia computing,” said Jensen Huang, founder and CEO of the company, who called the demand for the “Hopper” advanced computing platform and “Blackwell” AI superchips, which are in full production, “incredible.”
“AI is transforming every industry, every business and every country,” the executive added, adding that investments in industrial robotics are increasing with advances in physical AI “and countries have realized the importance of developing their AI and national infrastructure.”
Looking ahead to its fourth fiscal year, which includes the months of November 2024 to January 2025, the company expects its revenue to reach $37.5 billion (US$35.43 billion). euros), with an upward or downward deviation of 2%, which would mean annual growth of around 70%.
Furthermore, The multinational expects a gross margin of 73%, plus or minus 50 basis points, with operating expenses of approximately $4.8 billion (€4.535 million).
Nvidia shares, which has tripled in value so far this year, with a cumulative increase of 202%, they closed Wednesday’s session on Wall Street with a decrease of 0.76%, although trading after hours, After publication of their accounts, they were trading down almost 2%.
