Netbook Graphic Chips Maker NVIDIA Has 74% Profit Increase in Q3

Q3 of fiscal year 2009, which ended on October 25, resulted in a 74% increase in profits for NVIDIA. Posted revenues amounted to $903.2 million and net income amounted to $107.6 million.

According to NVIDIA president and CEO Jen-Hsun Huang, the company “continued to make progress in the third quarter with healthy market demand across the board.” In the fourth quarter, NVIDIA expects revenues to increase by 2% from the third quarter and to have a gross margin fo 40-42%.

Via TechSpot.

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