The company has reported that its income have been from US$6,704 millionwhich represents a 3% growth compared to the previous year, and a 19% less than the previous quarter.
For now, the tech giant will pay its next quarterly cash dividend of $0.04 per share on September 29, 2022 to all shareholders of record on September 8, 2022.
For its part, the manufacturer of graphics cards and processors has indicated that the data center segment revenue have been from US$3,810 millionnamely 61% more than a year ago. . The year-over-year increase was mainly due to revenue from hyperscale customers, which nearly doubled. While professional display revenue was down 4% from a year earlier.
However, it should be noted that revenues corresponding to the automotive sector increased by 45% compared to the previous year, which shows an important driver of the company in its relationship with state-of-the-art technology for the autonomous vehicle process.
“We are navigating our supply chain transitions in a challenging macro environment and we will get through it,” has pointed out Jensen Huangfounder and CEO of NVIDIA.
“Accelerated computing and AI, the pioneering work of our company, are transforming industries. The auto industry is becoming a technology industry and is on its way to becoming our next billion dollar business. Advances in AI are driving our data center business while accelerating advances in fields ranging from drug discovery to climate science to robotics.”
Regarding the future of Nvidia for him third quarter, projections consisted of income close to US$5.9 billion. It is expected that gaming and professional viewing revenues decline sequentiallyas OEMs and channel partners reduce inventory levels to align with current demand levels and prepare for the next generation of NVIDIA products. However, from within the company, This decrease is expected to be partially offset by sequential growth in Data Center and Automotive, especially in this last business segment in which the company is making strong bets for the rest of the year.
Source: Ambito
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