MADRID, 22 Feb. (EUROPA PRESS) –
At the end of its fiscal year, which ended in January, the American manufacturer of microprocessors and graphics cards Nvidia managed to exceed all expectations by achieving a net profit of 29,760 million dollars (27,526 million euros), which represents an increase of 581%. compared to profits of 4,368 million dollars (4,040 million euros) from the previous year.
“Accelerated computing and generative AI have reached an inflection point,” said Jensen Huang, founder and CEO of Nvidia during the presentation of the company’s accounts, which rose more than 9% in after-hours trading. ‘. “Demand is increasing around the world in companies, industries and countries,” he added.
Nvidia’s revenue between February 2023 and January 2024 totaled a record of 60,922 million dollars (56,350 million euros), which represents an advance of 125.8% compared to the previous year, with an annual growth of 217 % in the billing of the data center business, with 47,500 million dollars (43,935 million euros).
Likewise, revenue from the games business grew by 15% in the year, to 10,400 million dollars (9,619 million euros), while the visual area increased its sales by 1%, to 1,600 million dollars (1,480 million euros). ) and the automotive sector by 21%, up to 1,100 million dollars (1,017 million euros).
Nvidia’s costs during the year reached 16,621 million dollars (15,373 million euros), 43% more, while operating expenses totaled 11,329 million dollars (10,479 million euros), 1.8% more, including a total of 8,675 million dollars (8,024 million euros) allocated to R&D, 18.2% more than the previous year.
Between November 2023 and January 2024, the company’s fourth fiscal quarter, net profit increased almost nine times, to a record of 12,285 million dollars (11,363 million euros), compared to profits of 1,414 million dollars (1,308 million euros) from the same period of the previous year, while revenues also reached a record figure of 22,103 million dollars (20,444 million euros), 265% more than a year before.
Likewise, for the first quarter of the current fiscal year, Nvidia expects to achieve a record quarterly revenue figure of around 24,000 million dollars (22,199 million euros), which would triple the turnover of the same period of the previous year and increase by 8.6% sales sequentially.
