• Welcome to TechPowerUp Forums, Guest! Please check out our forum guidelines for info related to our community.

NVIDIA Reports Financial Results for Third Quarter of Fiscal 2009

btarunr

Editor & Senior Moderator
Staff member
Joined
Oct 9, 2007
Messages
34,500 (9.18/day)
Likes
17,519
Location
Hyderabad, India
#1
NVIDIA Corporation today reported financial results for the third quarter of fiscal 2009 ended October 26, 2008.

For the third quarter of fiscal 2009, revenue was $897.7 million compared to $1.12 billion for the third quarter of fiscal 2008, a decrease of 20 percent. For the nine months ended October 26, 2008, revenue increased to $2.94 billion compared to $2.90 billion for the nine months ended October 28, 2007, an increase of 2 percent.

During the third quarter of fiscal 2009, NVIDIA recorded an $8.3 million charge against operating expenses related to restructuring costs in connection with its workforce reduction. These pre-tax charges are comprised of severance and related expenses.

NVIDIA's results for the third quarter of fiscal 2009, computed in accordance with U.S. generally accepted accounting principles(GAAP), included net income of $61.7 million, or $0.11 per diluted share. Non-GAAP net income for the third quarter of fiscal 2009, which excludes stock-based compensation charges, a non-recurring charge against cost of revenue related to a royalty dispute, a restructuring charge against operating expenses, and the associated tax impact, was $111.4 million, or $0.20 per diluted share.

GAAP net income for the nine months ended October 26, 2008 was $117.6 million, or $0.20 per diluted share, compared to $540.7 million, or $0.89 per diluted share, for the nine months ended October 28, 2007. Non-GAAP net income for the nine months ended October 26, 2008, which excludes stock-based compensation charges, a non-recurring charge against cost of revenue related to a royalty dispute, a non-recurring warranty charge against cost of revenue, a restructuring charge against operating expenses, and the associated tax impact was $397.7 million, or $0.68 per diluted share, compared to $626.7 million, or $1.06 per diluted share, for the nine months ended October 28, 2007.

"We made good progress on multiple fronts during the quarter," said Jen-Hsun Huang, president and CEO of NVIDIA. "Improving gross margin while managing operating expenses enabled us to significantly improve our operating fundamentals. We transitioned our performance segment GPUs to 55 nanometers and are now poised to recapture lost share. We entered the fastest growing segment of the PC market with our first notebook chipset for Intel processors, and delivered on several exciting new growth initiatives -- 3-way SLI for the Intel Core i7 processor platform, Quadro CX for Adobe CS4 creative professionals and the Tesla supercomputing processor."

Third Quarter Fiscal 2009 and Recent Highlights:
  • NVIDIA introduced the GeForce 9400 and 9300 motherboard GPUs for Intel desktop PCs. The new motherboard GPUs set a new price/performance standard for integrated graphics by combining the power of three different chips into one highly compact and efficient GPU.
  • Together with Apple, NVIDIA launched the new GeForce 9400M motherboard GPU for their new lineup of Mac notebooks. The GeForce 9400M is the industry's first processor to integrate three complex chips -- the northbridge, the IO/network processor, and GeForce GPU into a single chip, and as a result, delivers up to a 5X performance increase over Intel integrated graphics in one-half the size. The MacBook and MacBook Air come standard with the 9400M. The MacBook Pro comes standard with the hybrid combination of two GeForce GPUs -- the 9400M is used for maximum battery life and a GeForce 9600M GT for high performance mode.
  • NVIDIA announced the NVIDIA Quadro CX, the industry's first accelerator for Adobe's Creative Suite 4 content creation software. Adobe CS4 software has now added optimization to take advantage of GPU technology. NVIDIA specifically designed and optimized the Quadro CX to enhance the performance of the CS4 product line and to give creative professionals the ultimate performance and productivity.
  • For design and creative professionals, NVIDIA introduced five new Quadro FX notebook GPUs that span from ultra-high performance to ultra mobility. NVIDIA also delivered the first desk side visual supercomputer with the Quadro Plex D Series. At this year's SIGGRAPH 2008, NVIDIA set a new milestone in computer graphics by demonstrating the world's first real-time fully-interactive ray tracer on the new Quadro Plex D2 system.

Conference Call and Web Cast Information

NVIDIA will conduct a conference call with analysts and investors to discuss its third quarter fiscal 2009 financial results and current financial prospects today at 2:00 P.M. Pacific Time (5:00 P.M. Eastern Time). To listen to the call, please dial (212) 231-2901. A live Web cast (listen-only mode) of the conference call will be held at the NVIDIA investor relations Web site http://www.nvidia.com/ir and at http://www.streetevents.com. The Web cast will be recorded and available for replay until the Company's conference call to discuss its financial results for its fourth quarter fiscal 2009.

Non-GAAP Measures

To supplement the Company's Condensed Consolidated Statements of Income presented in accordance with GAAP, we use non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP net income, and non-GAAP diluted net income per share. In order for our investors to be better able to compare our current results with those of previous periods, we have shown a reconciliation of GAAP to non-GAAP financial measures. These reconciliations adjust the related GAAP financial measures to exclude stock-based compensation, a non-recurring charge against cost of revenue related to a royalty dispute, a non-recurring warranty charge against cost of revenue, a restructuring charge against operating expenses, and the associated tax impact, where applicable. We believe the presentation of our non-GAAP financial measures enhances the user's overall understanding of our historical financial performance. The presentation of our non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.

Source: NVIDIA
 
Last edited:

dani31

New Member
Joined
Jul 11, 2008
Messages
11 (0.00/day)
Likes
2
Location
Bucharest, RO
Processor AMD Phenom 9950 125W
Motherboard GIGABYTE GA-MA790GP-UD4H
Cooling NOCTUA NH-U12P
Memory 4 x 1GB DDR2 1066 Corsair Dominator
Video Card(s) RADEON HD4870 1GB
Storage 2 x Seagate 320GB single platters
Power Supply Enermax Liberty 620W
Software Vista x64 Home Basic
#2
Why 2009?

Why do they call Q3 2008 "Third Quarter of Fiscal 2009" ?

I've some financial background in a multinational company but I've never seen this.
 

eidairaman1

The Exiled Airman
Joined
Jul 2, 2007
Messages
19,780 (5.13/day)
Likes
5,182
System Name PCGOD
Processor AMD FX 8350@ 5.0GHz
Motherboard Asus TUF 990FX Sabertooth R2 2901 Bios
Cooling Scythe Ashura, 2×BitFenix 230mm Spectre Pro LED (Blue,Green), 2x BitFenix 140mm Spectre Pro LED
Memory 16 GB Gskill Ripjaws X 2133 (2400 OC, 10-10-12-20-20, 1T, 1.65V)
Video Card(s) AMD Radeon 290 Sapphire Vapor-X
Storage Samsung 840 Pro 256GB, WD Velociraptor 1TB
Display(s) NEC Multisync LCD 1700V (Display Port Adapter)
Case AeroCool Xpredator Evil Blue Edition
Audio Device(s) Creative Labs Sound Blaster ZxR
Power Supply Seasonic 1250 XM2 Series (XP3)
Mouse Roccat Kone XTD
Keyboard Roccat Ryos MK Pro
Software Windows 7 Pro 64
#3
im unsure these companies follow the Regulations on the Normal Fiscal year, because if im not mistaken the New Fiscal year starts in October and ends in September, so we are technically in 1st QTR FY09
 
Joined
May 19, 2007
Messages
7,662 (1.96/day)
Likes
536
Location
c:\programs\kitteh.exe
Processor C2Q6600 @ 1.6 GHz
Motherboard Anus PQ5
Cooling ACFPro
Memory GEiL2 x 1 GB PC2 6400
Video Card(s) MSi 4830 (RIP)
Storage Seagate Barracuda 7200.10 320 GB Perpendicular Recording
Display(s) Dell 17'
Case El Cheepo
Audio Device(s) 7.1 Onboard
Power Supply Corsair TX750
Software MCE2K5
#5
only reason they made more money was teh high initial cost of those gtx 2XX
 
Joined
Mar 1, 2008
Messages
243 (0.07/day)
Likes
46
Location
Antwerp, Belgium
Processor Intel Xeon X5650 @ 3.6Ghz - 1.2v
Motherboard Gigabyte G1.Assassin
Cooling Thermalright True Spirit 120
Memory 12GB DDR3 @ PC1600
Video Card(s) nVidia GeForce GTX 780 3GB
Storage 256GB Samsung 840 Pro + 3TB + 3TB + 2TB
Display(s) HP ZR22w
Case Antec P280
Audio Device(s) Asus Xonar DS
Power Supply Antec HCG-620M
Software Windows 7 x64

OnBoard

New Member
Joined
Sep 16, 2006
Messages
3,033 (0.73/day)
Likes
379
Location
Finland
Processor Core i5-750 @ 3.6GHz 1.136V 24/7
Motherboard Gigabyte P55A-UD3, SATA 6Gbit/s & USB3.0 baby!
Cooling Alpenföhn Brocken HeatpipeDirectTouch
Memory Geil Ultra Series 4GB 2133MHz DDR3 @ 1440MHz 7-7-7-24
Video Card(s) Gigabyte GTX 460 1GB OC (mostly stock speeds)
Storage OS: Samsung F3 500GB Games: Samsung F1 640GB
Display(s) new! Samsung P2350 23" FullHD 2ms / Mirai DTL-632E500 32" LCD
Case new! Xigmatek Midgard/Utgard side window with red cathodes, 1x140mm & 3x120mm fans
Audio Device(s) new! ASUS Xonar DG & JVC HA-RX700 headphones
Power Supply Cougar CM 700W Modular
Software Windows 7 Home Premium x64
Benchmark Scores Logitech UltraX Premium & G5 laser v2 + Ulti-mat Breathe X2 for fragging
#7
So ATI 'won' this year and still NVIDIA made more profit than last :) (they must have sold shiploads of 8800GTs early in the year)