Anvidia breaks records, with total revenue of $ 7.10 billion, up 50% from last year

by time news

NVIDIA has released its financial statements for the 3rd quarter of fiscal year 2022. It shows that the revenue record was broken and it stands at $ 7.10 billion in the past quarter, an increase of 50% from the previous year

In the financial statements released for Q3 fiscal year 2022 ended October 31, 2021, Anvidia recorded record revenue of $ 7.10 billion, a 50% increase over the same quarter last year, and a 9% increase over the previous quarter (Q2FY22). The company has recorded record revenues in the areas of gaming, data centers and professional visualization. For the fourth quarter of fiscal year 2022 (Q4FY22), Anvidia expects revenue of $ 7.40 billion, plus or minus 2%.

The company’s founder and CEO, Jensen Wang, said: “The third quarter was exceptional, and it was signed with a record revenue. Demand for NVIDIA AI technologies continues to grow, with more than 25,000 companies already adopting artificial intelligence technologies. In addition, NVIDIA RTX has reinvented the computer graphics with Ray-Tracing and artificial intelligence, and is the ideal upgrade for the large and growing market of gamers and creators, as well as designers and other professionals who build workstations at home.

“Our GTC series of conferences showcases NVIDIA’s accelerated world of computing. Last week’s GTC conference was our most successful to date, highlighting the range of applications for different technologies, including supply chain logistics, cyber defense, natural language processing (NLP), quantum computing research, robotics, autonomous cars, climate science and digital biology. .

“Omniverse was a very significant issue at the GTC conference last week. We have introduced the many possibilities that open up as soon as we can enter virtual worlds. The Omniverse platform will serve us in a variety of areas, from collaborative design, customer service through avatars and video calls, to digital twins of factories, and even entire cities. The Omniverse platform combines NVIDIA’s expertise in the fields of artificial intelligence, simulation, graphics and computing infrastructure. “This is just the tip of the iceberg of what is to come.” Wang concludes.

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