Nvidia Corporation has shown the prospects for sales from its gaming and cloud-computing operations, which were initially improving. They posted the fourth-straight quarter of lower earnings, too.
The revenue improved in the third fiscal quarter
The California based company, The Santa Clara, stated that the revenue from the data-center segment, which manufactures chips that are used in cloud-computing, improved in the third fiscal quarter. However, the data-center revenue fell by 8%, compared to last year. The gaming revenue, which made more than half of the general sales, fell by 6% compared to last year, even if the revenue actually rose in the second quarter of the year.
How much did the earning fall last year?
Nvidia also reported that they dealt with a 27% drop in the net income to $899 million. The manufacturer of chips watched closely the earnings measure, which fell from $1.84 to $1.78 a year back, which is still above the $1.58, which analysts expected.
Last year, the company saw strong sales in its third quarter, and it’s all thanks to customers in China, who placed orders before the intimidating prices of some of the good for US made their appearance, and who demanded chips to be used for cryptocurrency mining. Without all of these benefits, the sales of Nvidia fell to $3.01 billion in the quarter that just ended on the 27th of October, from $3.18 billion, which they had a year ago. It was a dramatic fell, according to specialists and analysts.
Nvidia is well known for designing graphics processing units – GPUs for the professional and gaming markets. They also manufacture SoCs – system on a chip units for the automotive market and the mobile computing market. It is the father of the GPU product line, called GeForce.