The American company exceeded analysts' expectations by recording data higher than the same period last year, both in terms of turnover as net income and EBITDA
NVIDIA positive quarterly financial results for its first quarter in the financial year 2014 coincides with the months of February, March and April 2013. The figures are higher than that recorded last year as well as the best estimates given by financial analysts.
In the first quarter of fiscal year 2014 NVIDIA has achieved a turnover of 954.7 million dollars, gave up from 924.9 million dollars in the same period of the previous year. In comparison with the previous 3 months sales declined but this is expected, since the quarter coinciding with the Christmas sales season.
Good data in terms of earnings, totaling 77.9 million dollars during the reporting period against 60.4 million in the same period last year. The result of the fourth quarter of 2013 to the previous quarter, was significantly better for NVIDIA in terms of net profit with a profit of $ 174 million.
We point out that in the first three months of the new fiscal year NVIDIA has been able to achieve a gross operating margin growth than in previous periods: 54.3% versus 50.1% in the same period last year and 52.9% of the previous quarter. The estimates for the next 3 months are just as interesting: NVIDIA anticipated to expect a turnover of around 975 million dollars, with a variation of a few percentage points, with an EBITDA expected around 54.3%.