![]() ![]() Free cash flow in the quarter came in at $394 million, while cash flow from operations was $432 million. NVIDIA exited the quarter with cash, cash equivalents and marketable securities of $6.67 billion compared with $4.88 billion in the previous quarter. In dollar terms, adjusted operating income increased from $257 million to $643 million. NVIDIA’s adjusted operating margin was up from 19.7% to 32.1% during the quarter, reflecting growth in its GeForce GTX GPU business and lower operating expenses as a percentage of revenues. As a percentage of revenues, operating expenses however decreased 960 bps from the year-ago quarter to 26.9%. In dollar terms, gross profit came in at $1.183 billion, up 61.2% from the year-ago quarter, primarily due to strength in GeForce GPU gaming platform and a higher revenue base.Īdjusted operating expenses increased 13.2% from the year-ago quarter to $540 million, as the company continued to invest in sales, general and administrative activities and higher research and development expenses. NVIDIA’s adjusted gross margin (including stock-based compensation but excluding other one-time items) expanded 278 basis points (bps) from the year-ago quarter to 59%. The increase was mainly due to strong demand in real-time rendering tools and mobile workstations. #Nvda earnings q3 2017 professional#Moving to Professional Visualization, revenues from Quadro increased 9% year over year and came in at $207 million. Automotive revenues for the quarter came in at $127 million, up 61% year over year. Tegra processor revenues increased 87% from the year-ago quarter and came in at $241 million, primarily due to better-than-expected growth in Tegra development services and automotive. Revenues from datacenter (including Tesla and Grid) came in at $240 million, up a whopping 193% on a year-over-year basis. Revenues from Gaming GPU increased 63% on a year-over-year basis. Revenues from the GPU business increased 53% year over year to $1.70 billion, driven by strength in GeForce GPUs Gaming revenues and datacenter. The year-over-year increase was primarily due to better-than-expected growth across all the platforms, that is, GPUs gaming platform, Professional Visualization, datacenter and Tegra automotive platforms. Revenues not only increased 53.6% year over year to $2.004 billion but also surpassed the Zacks Consensus Estimate of $1.681 billion. Without the hefty profit from AWS, Amazon would have recorded a loss for the quarter.This content is not available due to your privacy preferences. ![]() AWS generated $4.88 billion in operating income in the period, while operating profit at the parent company was just $880 million. Net product sales were $54.9 billion in the quarter, while revenue from Amazon Web Services, advertising, third-party seller services and Prime subscriptions added up to $55.9 billion.Īmazon Web Services topped estimates, with revenue jumping 39% to $16.11 billion, while analysts expected sales of $15.48 billion. Revenue from third-party seller services, which includes commissions on the marketplace as well as fulfillment and shipping fees, climbed 18% to $24.25 billion, a slowdown from 34% growth in the second quarter and 60% in the first.įor the first time in its history, revenue from Amazon services surpassed its retail sales. Sales in online stores rose 3% from a year earlier to $49.9 billion, while physical store revenue increased 13% to $4.27 billion. That's a significant step down from its operating profit of $6.9 billion in the year-ago period. Amazon said its operating profit in the fourth quarter will be in the range of $0 and $3 billion. ![]()
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