(News Bulletin 247) – Nvidia unveiled Wednesday evening an adjusted EPS (non-GAAP) more than fivefold (+429%) to 2.70 dollars for its second accounting quarter, and an improved adjusted gross margin of 25.3 points at 71.2% for revenues doubled (+ 101%) to more than 13.5 billion.
The group based in Santa Clara (California) saw its growth driven in particular by its data center division, whose revenues climbed 171% to reach a record of more than 10.3 billion, supported by the rapid development of the ‘artificial intelligence.
‘A new computer era has begun. Companies around the world are moving from general-purpose computing to accelerated computing and generative AI,” said Jensen Huang, founder and CEO of the chip designer.
For the current quarter, Nvidia management says it expects a non-GAAP gross margin of 72.5%, plus or minus 50 basis points, as well as revenue of around $16 billion, plus or minus 2%.
In addition, its board of directors approved, on August 21, an additional envelope of 25 billion dollars for share buybacks, without expiration. Nvidia expects to continue share buybacks this fiscal year.
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