June 2008 -- NVIDIA Corp. posted record revenue of $4.1 billion for its fiscal year ended Jan. 27, 2008,
compared with $3.07 billion for the year prior—an increase of 34%. Revenue increased 37% in the
fourth quarter alone, climbing to a record $1.2 billion. Net income rose 57% to $257 million
compared with $163.5 million a year earlier, while the company's GAAP annual net income
increased 78% year-over-year to a record $797.6 million.
In the last year NVIDIA has made key acquisitions aimed to drive continued growth, including
Mental Images, a photorealistic rendering technology provider, and AGEIA, a gaming physics
technology company. According to NVIDIA's president and CEO Jen-Hsun Huang, strong demand for
GPUs in all market segments also drove the company's growth. Relative to the fourth-quarter a
year prior, NVIDIA's discrete GPU business grew 80%.
"Our growth reflects the ever-increasing use of rich graphics in applications from Google Earth
to Apple iTunes to online virtual worlds," Huang explained in a company statment. "This is the
era of visual computing. The richness of the graphics is increasingly central to our computing
experience. And at the core of that experience is the GPU, the processor that defines the modern
PC."
