Nvidia has announced its financial result for Q3 of 2014, our regular Q3 of 2013, and while the numbers aren’t stellar the company is obviously headed in the right direction.
Nvidia is reporting a total of $1.054 billion in earning which is a 7.9% increase compared to the previous quarter’s $977.2 million. However, if we take a look at the year-over-year numbers we see that despite the recent gains this is still 12.5% less than during the same period of 2012.
Net income was also up, at $118.7 million compared to only $96 million for the previous quarter but, again, this is still substantially lower compared, 43.2% lower to be precise, compared to last year’s corresponding quarter.
The company believes some of the recent gains can be attributed to this quarter’s accomplishments. During Q3 Nvidia has started shipping its latest Tegra 4 chips, it has launched a new flagship gaming GPU, the GTX 780 Ti alongside “the world’s most powerful workstation graphics card , the Quadro K6000. It has also introduced G-SYNC that synchronizes the GPU with the display for better appeareance.
Nvidia also has a positive outlook for this current quarter with revenue expected to increase slightly but we’ll have to wait and see how the company fares through the holiday season.