NVIDIA Reports Strong Financial Results
Record Revenue and Earnings
NVIDIA Corporation (NASDAQ: NVDA) today announced record revenue and earnings for the fourth quarter and fiscal year 2024. For the quarter, the company reported revenue of $26.9 billion, an increase of 18% from the previous year. Net income for the quarter was $6.7 billion, up 21% from the same period last year.
Record Full-Year Results
For the full year, NVIDIA reported revenue of $60.9 billion, an increase of 12.6% from fiscal 2023. Net income for the year was $19.9 billion, up 15.4% from the previous year. These results were driven by strong demand for the company's gaming, data center, and professional visualization products.
Next Earnings Release
NVIDIA's next earnings release is expected on May 22, 2024. For the quarter, analysts are expecting the company to report earnings of $0.548 per share on revenue of $6.56 billion.
Conclusion
NVIDIA's strong financial results reflect the company's continued execution of its strategy to accelerate growth in its core markets. The company's investment in artificial intelligence (AI) and machine learning (ML) technologies is driving innovation and creating new opportunities for growth. As the demand for AI and ML solutions continues to grow, NVIDIA is well-positioned to continue to capitalize on this trend and drive future growth.
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