Computer graphics company
posted a fourth quarter profit that beat Wall Street expectations, citing its agreement with Apple for its GeForce2 MX graphics card to be used on Power Mac G4 systems as a reason for the accelerated growth.
In the fiscal fourth quarter that ended January 28, Nvidia said it earned US$31.1 million, or 38 cents per diluted share, compared to $14.6 million, or 19 cents per share, in the 2000 quarter. Analysts queried by First Call/Thomson Financial were expecting a profit of 37 cents per share on average.
Revenues in the quarter rose 70 percent to $218.2 million from $128.5 million a year ago.
“2000 was characterized by our terrific growth and the many important achievements of our people,” said Jen-Hsun Huang, president and CEO of Nvidia, in a prepared statement. “Our entries into the Mac, mobile, and workstation markets were met with great enthusiasm. Our accomplishments and investments last year have positioned us to deliver innovative products that enable the digital lifestyle and will continue to fuel our growth.”
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