NVIDIA (NASDAQ: NVDA) reports record revenue in the fourth quarter ended January 31, 2021, of $ 5.00 billion, up 61% from $ 3.11 billion last year, and up 6% from $ 4.73 billion in the previous quarter. Gaming platforms and centers The company’s data recorded record revenue for the quarter and for the full year.
GAAP earnings per share diluted to a record $ 2.31, up 51% from $ 1.53 a year ago, and up 9% from $ 2.12 in the previous quarter. Non-GAAP earnings per diluted share were $ 3.10, up 64% from $ 1.89 a year ago, and up 7% from $ 2.91 in the previous quarter.
In fiscal year 2021, revenue totaled a record $ 16.68 billion, up 53% from $ 10.92 billion a year earlier. GAAP earnings per diluted share peaked at $ 6.90, up 53% from $ 4.52 a year earlier. Non-GAAP earnings per diluted share were $ 10.00, up 73% from $ 5.79 the previous year.
“The fourth quarter was another record quarter, boosting the breakthrough year’s achievements for NVIDIA’s computing platforms,” he said. Jensen Huang, Founder and CEO of Anvidia. “Our pioneering work in accelerated computing is leading to gaming becoming the most popular field of entertainment in the world, supercomputers becoming accessible to all researchers, and the rise of artificial intelligence as the most important force in technology.”
“The demand for GeForce RTX 30 GPUs is staggering. NVIDIA RTX has begun an upgrade process in the gaming world as more and more gamers adopt Ray Tracing, DLSS and AI technologies. Our A100 GPUs designed for artificial intelligence applications to any data center are enthusiastically adopted By cloud service providers and various industries. Thousands of companies around the world use NVIDIA’s artificial intelligence tools to develop cloud – based products with AI capabilities that will change the world’s largest industries. We are experiencing the ‘smartphone moment’ in every industry. Mellanox has expanded its footprint in centers “There is positive progress towards the acquisition of Arm, which will create new and huge opportunities for the entire ecosystem.” He added.
NVIDIA paid quarterly cash dividends of $ 99 million in the fourth quarter and $ 395 million in fiscal 2021. It will pay its next quarterly cash dividend of $ 0.16 per share on March 31, 2021 to all registered shareholders as of March 10, 2021.