NVIDIA Posts Record Annual Revenue, Beats on Q4 EPS
NVIDIA has reported Q4 and fiscal 2013 numbers that included record results.For the quarter, the company's top line advanced 16% on a year-over-year basis to $1.1 billion. Non-GAAP net profit came in at $215 million ($0.35 per share), which was 35% higher than Q4 2012's $158 million ($0.26). It was also far better than the $0.24 analysts had been anticipating, although the revenue number was broadly in line with their expectations.
For the full year, the company's top line notched a new record. It came in at just under $4.3 billion, a 7% improvement over fiscal 2012's result of $4.0 billion. Net profit was $728 million ($1.17 EPS), a slight decline from the $734 million ($1.19) of the previous year.
NVIDIA declared a quarterly dividend as well. It is to pay $0.075 per share on March 21 to stockholders of record as of Feb. 28. This disbursement matches the level of the company's previous payout, which was made last November.
The company also proffered guidance for its current quarter. NVIDIA expects revenue of $940 million, give or take 2%, with a 53.2% gross margin and $395 million in operating expenses.
The article NVIDIA Posts Record Annual Revenue, Beats on Q4 EPS originally appeared on Fool.com.Fool contributor Eric Volkman has no position in NVIDIA. The Motley Fool recommends NVIDIA. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.