NVIDIA (NASDAQ: NVDA), the company that redefined modern graphics, high performance computing and artificial intelligence, reports record revenue for the first quarter ended May 1, 2022. The value of $8.29 billion represents an increase of 46% year-on-year and 8% quarter-on-quarter. The main events of the quarter were the data center and games.
In the first quarter, NVIDIA’s enterprise data center footprint hit a record $3.75 billion, up 15% from the previous quarter and up 83% from the same period last year.
NVIDIA Completes Record Quarter! Look at the main attractions of the area:
- Announcement of the NVIDIA Hopper™ GPU architecture delivering an order of magnitude performance leap over its predecessor; NVIDIA® H100 Tensor Core GPU, the first Hopper-based GPU with 80 billion transistors; and the NVIDIA DGX™ H100 system, the fourth generation of this AI infrastructure system;
- Launch of the Arm®-based NVIDIA Grace™ Processor Superchip with two coherently coupled NVLink®-C2C processor chips, a new high-speed, low-latency chip-to-chip link;
- Announcement that leading Taiwanese computer manufacturers are ready to release the first wave of systems based on Grace Hopper and NVIDIA Grace CPU Superchips, which are scheduled for release in the first half of 2023;
- Introducing the NVIDIA Spectrum™-4, the world’s first 400Gbps end-to-end networking platform that delivers the superior performance and robust security needed for a scalable data center infrastructure;
- Announcing major updates to NVIDIA AI that include enterprise speech software, recommender systems, hyperscale inference and more, as well as new software-accelerated NVIDIA AI to help ensure the performance and reliability of NVIDIA AI for Partners applications.
“We have achieved record results for data centers and gaming in a challenging macro environment,” said Jensen Huang, founder and CEO of NVIDIA. “The power of deep learning to automate intelligence is driving companies across industries to use NVIDIA for AI computing. The data center has become our largest platform, even as the number of games reached a record quarter.”
“We are gearing up for the biggest wave of new products in our history with the introduction of new GPUs, CPUs, DPUs and robotics processors that will rise in the second half of the year. Our new chips and systems will greatly improve AI, graphics, Omniverse, self-driving cars and robotics, as well as the many industries impacted by these technologies,” says Huang.
Playing area increased by 31%
The gaming sector was another highlight of the quarter and earned $3.62 billion, up 31% from the same period last year and up 6% from the previous quarter. The GeForce RTX® 3090 Ti was introduced in the area, the fastest consumer GPU ever.
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- Announcement of 15 new games optimized for NVIDIA RTX, including Dying Light 2 Stay Human, Ghostwire: Tokyo as well as Shadow Warrior 3 – bringing the total number of games and applications to more than 250;
- Gamers can also access RTX 3080-class streaming with GeForce NOW™ with a monthly subscription.
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Finally, the professional viewing area also had a positive balance. Professional viewing revenue in the first quarter was $622 million, up 67% from a year ago and down 3% from the previous quarter. The automotive industry hit $138 million, down 10% year-on-year and up 10% quarter-on-quarter.
“We are celebrating this balance with record earnings and many occasions to celebrate, including in Latin America. Technology is driving the expansion of several sectors, and we are very grateful to be a part of this technological revolution around the world,” emphasizes Marcio Aguiar, Director of NVIDIA Corporate Latin America.
During the first quarter of fiscal year 2023, NVIDIA returned $2.10 billion to shareholders in the form of share repurchases and cash dividends. On May 23, 2022, the board of directors increased and expanded the company’s share repurchase program to repurchase additional shares of common stock totaling up to $15 billion by December 2023.
NVIDIA will also pay its next quarterly dividend of $0.04 per share on July 1, 2022 to all registered shareholders on June 9, 2022.
In addition, the company’s guidance for the second fiscal quarter of 2023 is $8.10 billion, plus or minus 2%.
To view the full balance sheet for the first quarter of fiscal year 2023, click here. Talk to us in the comments and let us know if you liked this news and take the opportunity to read more news on our website.
Source : Married Games
