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Nvidia, positive quarter

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The fiscal quarter for Nvidia closes positively. The Californian company has in fact announced that it has achieved a turnover of 427.3 million dollars against 259.9 million dollars in the same quarter of the previous year, marking a growth of 64%.

Profits per share, however, are not significant, this is due to an erosion of margins and, especially following the forced liquidation of warehouse products, such as some motherboards based on the Nforce scheme and accelerators for X-Box.

The net profit, after the liquidations of these products, was 5.3 million dollars, therefore 3 cents per share, with 19 cents in the same quarter last year when the profit was 32.9 million dollars.

Meanwhile, Nvidia has also announced that it has changed its CFO. The new head of financial operations Marvin D. Burkett, for 26 years vice president and CFO at AMD