Nvidia Beats Estimates, Revenue Rose 48% YoY In Q1 Androidheadlines.com

Nvidia posted a higher than expected revenue in the first quarter of the fiscal year 2018. The graphics company not only managed to beat analysts' expectation but also reported substantial revenue growth across its major business segments. For the first quarter, Nvidia recorded quarterly earnings of $1.94 billion, a huge 48 percent jump compared to the same period last year and also slightly higher than Wall Street's revenue expectations of $1.91 billion. Contributing to this huge revenue jump are the massive gains made in its gaming GPU business and the improved financial performance of its automotive and data center businesses. Nvidia also saw huge gains in its operating income and net income figures, with increases of 126 percent and 144 percent respectively.