NVIDIA ends financial year with loss
With a decrease in sales by 60 percent in the 4th quarter of thence NVIDIA ends fiscal year with a shock. In mid-January a revenue warning, the manufacturer had warned before the decline to “only” 40 to 50 percent.
Turnover in the 4th quarter (October 26, 2008-January 25 2009) came with 481,1 million below the previous year with $ 1.2 billion. The operating loss was $ 147.7 million according to US GAAP. In the first quarter, earnings had be until now most of the company’s history, with $ 257 million.
The full year, sales were up 16 percent from $ 4.1 billion to 3.4 billion went back. A loss is contrary to the previous year’s profit of $ 797.6 million U.S. GAAP $ 30.0 million.
As a countermeasure in a difficult and uncertain environment, NVIDIA focuses on the company-wide reduction in operating costs, so Jen-Hsun Huang, President and CEO of NVIDIA. Should at the same time, but will avoid to give up that form the basis for future growth and competitiveness from an enterprise perspective, future-oriented investments. The fact that handle sales only rose 16 percent, winning in a loss, shows the influence of the cost structure on the business result.
The financially difficult year NVIDIA referred with progress in the GPU Computing (CUDA and Tesla), the graphics processing (PhysX and 3D vision) and mobile graphics (ION and Tegra) yet as one of the most innovative of the company’s history and is thus confident about the future.
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