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The third quarter of fiscal year 2012 has seen Santa Clara-based Nvidia Corp. make a revenue of $1.07 billion, up 4.9% sequentially and up 26.3% on-year, and a net income of $178.3 million, or $0.29 per diluted share, also up both on-quarter and on-year.
"Nvidia's strategy is coming into its own, as the world becomes increasingly visual and mobile," said Jen-Hsun Huang, president and chief executive of NVIDIA. "Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market. With Tegra 3 phone wins well ahead of Tegra 2's pace, we're expecting strong growth in the year ahead."
Despite containing the winter holidays, the current quarter is not expected to break records, with Nvidia expecting revenue for the period to be plus or minus 2% compared to to Q3.
"Nvidia's strategy is coming into its own, as the world becomes increasingly visual and mobile," said Jen-Hsun Huang, president and chief executive of NVIDIA. "Our GPU business accelerated in the third quarter, driven by strong demand from gamers and the professional market. And our mobile business benefited from new devices coming onto the market. With Tegra 3 phone wins well ahead of Tegra 2's pace, we're expecting strong growth in the year ahead."
Despite containing the winter holidays, the current quarter is not expected to break records, with Nvidia expecting revenue for the period to be plus or minus 2% compared to to Q3.
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