NVIDIA Announces Record-Breaking Financial Results
First Quarter and Fiscal 2025 Highlights
Revenue Growth and Earnings Success
NVIDIA (NASDAQ: NVDA) has achieved remarkable financial success, reporting a record quarterly revenue of $26.0 billion in its first quarter of fiscal 2025. This represents an impressive 18% increase from the previous quarter and a substantial 26.2% growth compared to the same period a year ago.
Key Business Developments
Since its previous earnings announcement, NVIDIA has made significant progress in various areas. The company has expanded its market share in the rapidly growing AI and data center markets, driven by the increasing demand for high-performance computing solutions.
Financial Performance Details
NVDA today reported revenue for the first quarter ended April 28, 2024, of $26.0 billion, a 18% increase from the previous quarter. The company's net income for the same period stood at $6.4 billion, indicating a healthy profit margin.
Second Quarter Outlook
NVDA also reported revenue for the second quarter ended July 30, 2023, of $13.51 billion, reflecting a 10.1% year-over-year growth and an 8.8% increase compared to the first quarter of fiscal 2025. The company's strong performance continues to drive investor confidence and support its long-term growth strategy.
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