Nvidia’s Q4 financials look to brighter skies with strong quarterly revenue growth

Nvidia’s Q4 financials look to brighter skies with strong quarterly revenue growth

a week ago
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https://techcrunch.com/2020/02/13/nvidias-q4-financials-look-to-brighter-skies-with-strong-quarterly-revenue-growth/

Major artificial intelligence and graphics chipmaker Nvidia reported its 2020Q4 financials today (the company’s fiscal quarter ends on January 26th, 2020). The company announced revenues of $3.11 billion for the quarter, a jump of 41% from the year ago quarter and a small bump from the third quarter.

Even more importantly, the company’s gross margin improved remarkably year-over-year, moving from 54.7% to 64.9%. The company reported a net income of $950 million for the quarter. After-hours traders jumped into the stock, with Yahoo Finance reporting a roughly 6.32% increase in the company’s share price immediately following the earnings.