Nvidia Posts Profit

Nvidia, the designer of the GPU for the PS3, recently announced quarterly results for their second quarter of fiscal year 2006. Net income was up at $74.8 million, a large increase over the same quarter last year. Revenue for the quarter went up 24% to $574.8 million.

“Strong year-over-year revenue growth in our desktop GPU, MCP, and workstation product lines, combined with our intense focus on gross margin improvement led to our highest quarterly net income in three years,” said CEO Jen-Hsun Huang.

I mention this because Nvidia is a vital partner to Sony, creating their GPU wonder, the RSX. Nvidia’s continued good health is good news for Sony and for PS3 fans.

Link: GamasutraNvidia Posts Second Quarter 2006 Profit

Written by: Blackstaffer - News Contributor

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