BENGALURU: NVDIA reported a 80 percent YoY drop in net income after taxes to US$ 26 million in the quarter ended July 26, 2015 (Q2-2016, current quarter) as compared to the US$ 128 million in the corresponding year ago quarter Q2-2015. QoQ, the company’s income dropped from US$ 134 million in Q1-2016.
The resultant diluted EPS in the current quarter was US$ 0.05 as compared to the US$ 0.22 in Q2-2015 and the US$ 0.24 in Q1-2016. NVDIA says that this includes a charge of $0.19 per diluted share in connection with the company’s decision to wind down its Icera® modem operations, after a viable buyer failed to emerge. It also includes a charge of $0.02 per diluted share related to the NVIDIA SHIELD tablet recall. The company informed that it will pay its next quarterly cash dividend of US$ 0.0975 per share on September 11, 2015, to all shareholders of record on August 20, 2015.
NVDIA reported revenue for the current quarter of US$ 1153 million, up 5 percent from $1103 million a year earlier, and up marginally from $1151 million the previous quarter.
Q2-2016 Highlights
During the second quarter, NVIDIA achieved progress in each of its platforms.
Gaming:
Continued strong demand for GeForce® GTX™ GPUs, driven by advanced new games and growth in competitive e-sports, which now have an estimated 130 million viewers.
Unveiled the flagship GeForce GTX 980 Ti GPU, with the power to drive 4K and VR gaming.
Increased users of the GeForce Experience PC gaming platform to 65 million, from 38 million a year earlier.
Launched the NVIDIA SHIELD Android TV device, the most advanced smart TV platform, which connects TVs to a world of entertainment apps and services.
Enterprise Graphics & Virtualization:
Continued strong momentum for NVIDIA GRID™ graphics virtualization, which more than tripled its customer base to over 300 enterprises from a year earlier.
HPC & Cloud:
Engaged with more than 3,300 companies exploring the use of deep learning in areas such as speech recognition, image analysis and translation capabilities.
Shipped cuDNN 3.0, which doubles the performance of deep learning training on GPUs and enables the training of more sophisticated neural networks. cuDNN has been downloaded by more than 9,000 researchers worldwide.
Auto:
Working with more than 50 companies to use the NVIDIA DRIVE PX platform in their autonomous driving efforts.
Company Speak
NVDIA president and chief executive officer Jen-Hsun Huang said ,”Our strong performance in a challenging environment reflects NVIDIA’s success in creating specialized visual computing platforms targeted at important growth markets. Our gaming platforms continue to be fueled by growth in multiple vectors — new technologies like 4K and VR, blockbuster games with amazing production values, and increasing worldwide fan engagement in e-sports. We’re working with more than 50 companies that are exploring NVIDIA DRIVE to enable self-driving cars. And our GPU-accelerated data centre platform continues to make great strides in some of today’s most important computing initiatives — cloud-based virtualization and high performance computing applications like deep learning. Visual computing continues to grow in importance, making our growth opportunities more exciting than ever.”