Graphics processor manufacturer Nvidia reported first quarter earnings on May 12th. (Fiscal years end with January.) The results marked a stellar start for fiscal 2017, with its Q1 2017 revenue and earnings per share beating analyst estimates by a wide margin. The stock is up sharply as a result. The company’s Q2 2017 revenue guidance also came in slightly ahead of analyst expectation. Strong performance in the quarter can be attributed to continued growth in gaming (up 17% year over year), data center (up 63% year over year), automotive (up 47% year over year) and professional visualization (up 4% year over year), which more than offset the 21% year-over-year decline in OEM and IP business (mostly owing to the PC decline). The strong revenue growth, improving product mix, and lower restructuring charges helped the company report higher margins (both gross and operating).

from Forbes – Tech http://ift.tt/1shKsKh
via IFTTT