Nvidia Q2 2017 Financial Results Published; Up 24% Year-on-Year Thanks to pascal Launch
With the release of the new 10 series GPUs, it is safe to say that team green has had a very successful year so far and it is going to stay that way until the end of the year. Nvidia Q2 2017 financial results have been published and they tell the same story as well.
In this quarter ending, July 31st, Nvidia has managed to generate a revenue of 1.43 billion dollars. This is 9% higher than the previous quarter and 24% higher than that of the previous year. 253 million dollars was the net profit. We also see a 57.9 percent increase in gross margin as well.
There is no surprise here that the most profitable part of the business was the GPU department which accounts for 1.196 billion dollars. This is 11% higher than last quarter and 25% higher than that of last year. Tegra processors come in after this, which account for 166 million dollars. Other income accounts for a total of 66 million dollars.
As mentioned before Nvidia owes all this to the new Pascal technology but there is also a good chunk for the Quadro GPUs and Nvidia claims that this will increase in the future. It has been a great year for the company and the Nvidia Q2 2017 financial results reflect the same thing.
Keeping this Nvidia record financial results in mind and forecasting the future, the company claims that this quarter they will be able to generate 1.68 billion, by 31st October. Of course, you can plus-minus 2 percent for errors but this does seem like an achievable target looking at the current Nvidia record financial results. The company also expects gross margin to decrease slightly to 57.8 percent.
What do you think about the Nvidia record financial results? Has it been a good enough year for the company so far? let us know what you think in the comments section.