gaming and computer hardware manufacturer has reported full-year revenue gains, the company confirmed in a about its Q4 earnings published on Feb. 14.
Nvidia, which was one of the companies by the market downturn and associated lack of demand of components, said its total 2018 revenue climbed 21 percent from 2017 numbers to $11.72 billion.
The growth was driven by all-time high sales of its gaming, datacenter, professional visualization and automotive products.
Nvidia’s shares 8 percent this week on the unveiling of the figures, which nonetheless painted a less buoyant picture of Q4 performance. Revenue was down 24 percent versus the same quarter the previous year to $2.24 billion.
Commenting on the statistics, founder and CEO Jensen Huang underscored the volatility in the market.
“This was a turbulent close to what had been a great year,” he said, adding:
“The combination of post-crypto excess channel inventory and recent deteriorating end-market conditions drove a disappointing quarter.”
As Cointelegraph reported, Nvidia had warned about the impact of mining woes on its bottom line throughout the of last year. The hashrate of the ₿itcoin () network has begun improving this year after in early December.
Earlier this month meanwhile, research Nvidia had nonetheless managed to accrue $1.35 billion extra in cryptocurrency revenue than it had previously reporte
Published at Fri, 15 Feb 2019 08:59:00 +0000
