Nvidia sees Q4 2019 revenues jump 41% to $3.11 billion

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A broad recovery in datacenter sales helped Nvidia beat expectations for earnings for the fourth-fiscal quarter ended January 26.

Nvidia reported non-GAAP net income per share of $1.86 on revenues of $3.11 billion, compared with net income per share of 80 cents on revenues of $2.2 billion a year earlier. In after-hours trading, Nvidia’s stock price is up 6.2% to $288 a share.

Still, scares about the coronavirus and what the company says about it are expected to weigh heavily. Analysts were expecting $1.66 a share on revenue of $2.96 billion. Nvidia’s twin businesses of AI and gaming chips are both going strong, and its rivals Intel and Advanced Micro Devices have also posted good quarterly results amid a recovery of datacenter computing.

For fiscal 2020, revenue was $10.92 billion, down 7 percent from $11.72 billion a year earlier. Non-GAAP earnings per diluted share were $5.79, down 13 percent from

 


This article was originally published on on VentureBeat.

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