NVIDIA Reports Record Fourth Quarter Revenue Figures

Today, NVIDIA unveiled their latest financial results for the fourth quarter ending January 31st, 2016. The company’s revenue increased by 12% from $1.25 billion last year to $1.40 billion. Additionally, their revenue was also up 7% compared to the previous quarter which showcases the massive growth of late. Revenue for fiscal 2016 was a record $5.01 billion, up 7 percent from $4.68 billion a year earlier. This is absolutely astonishing and NVIDIA’s investments across VR, vehicle technology and graphics is paying dividends.

 

Jen-Hsun Huang, co-founder and chief executive officer of NVIDIA said about the remarkable results:

“We had another record quarter, capping a record year,”

“Our strategy is to create specialized accelerated computing platforms for large growth markets that demand the 10x boost in performance we offer. Each platform leverages our focused investment in building the world’s most advanced GPU technology.”

“NVIDIA is at the center of four exciting growth opportunities — PC gaming, VR, deep learning, and self-driving cars. We are especially excited about deep learning, a breakthrough in artificial intelligence algorithms that takes advantage of our GPU’s ability to process data simultaneously. “Deep learning is a new computing model that teaches computers to find patterns and make predictions, extracting powerful insights from massive quantities of data. We are working with thousands of companies that are applying the power of deep learning in fields ranging from life sciences and financial services to the Internet of Things,”.

Capital Return
During the fourth quarter, NVIDIA paid $62 million in cash dividends and received 4.3 million shares in connection with an accelerated share repurchase agreement that it had entered into in the quarter. During fiscal 2016, the company returned to shareholders $800 million in quarterly cash dividends and share repurchases. For fiscal 2017, NVIDIA intends to return approximately $1.0 billion to shareholders through ongoing quarterly cash dividends and share repurchases. NVIDIA will pay its next quarterly cash dividend of $0.115 per share on March 23, 2016, to all shareholders of record on March 2, 2016.NVIDIA’s outlook for the first quarter of fiscal 2017 is as follows:
  • Revenue is expected to be $1.26 billion, plus or minus two percent.
  • GAAP and non-GAAP gross margins are expected to be 57.2 percent and 57.5 percent, respectively, plus or minus 50 basis points.
  • GAAP operating expenses are expected to be approximately $500 million. Non-GAAP operating expenses are expected to be approximately $445 million.
  • GAAP and non-GAAP tax rates for the first quarter of fiscal 2017 are both expected to be 19 percent, plus or minus one percent.
  • Capital expenditures are expected to be approximately $35 million to $45 million.

Fourth Quarter Fiscal 2016 Highlights
During the fourth quarter, NVIDIA achieved progress in each of its platforms.

Gaming:

  • Announced the GeForce GTX VR Ready program — in conjunction with PC companies, notebook makers and add-in card providers – to help users discover systems that will provide great virtual reality experiences.
  • Released NVIDIA GameWorks VR, a software development kit for developers of VR software and headsets for gaming.

Professional Visualization:

  • Rolled out NVIDIA Iray plugins for Autodesk Maya and Autodesk 3ds Max, which enable users of these applications to create designs incorporating real-world lights and materials faster and more easily than before.
  • Released NVIDIA DesignWorks VR, a software development kit for developers of VR software and headsets for enterprise.

Datacenter:

  • Introduced an end-to-end hyperscale datacenter deep learning platform — consisting of two accelerators, the NVIDIA Tesla M40 and NVIDIA Tesla M4 — that lets web-services companies accelerate deep learning workloads.

Revealed new breakthroughs from leading web-services groups using NVIDIA GPUs:

  • Facebook is using the NVIDIA Tesla accelerated computing platform to power Big Sur, its next-generation computing system for machine learning applications.
  • Alibaba’s AliCloud cloud computing business is working with NVIDIA to promote China’s first GPU-accelerated, cloud-based, high performance computing platform.
  • IBM is adding support for NVIDIA GPU accelerators to its Watson cognitive computing platform.
  • Google is open-sourcing its TensorFlow deep-learning framework, which can be accelerated on GPUs.
  • Microsoft’s Computational Network Toolkit was integrated with Azure GPU Lab, enabling neural nets for speech recognition that are up to 10x faster than their predecessors.

Auto:

  • Launched NVIDIA DRIVE PX 2, a powerful engine for in-vehicle artificial intelligence.
  • Announced that Volvo will use DRIVE PX 2 to power a fleet of 100 Volvo XC90 SUVs that will appear on the road next year in the car manufacturer’s Drive Me autonomous-car pilot program.

Razer’s Nabu Smartband Said To Be Rolling Out In October

Razer looks to be closer to a final release date for its Nabu smartband than initially thought. A press release earlier this month indicated that Razer is working with mobile gaming developer, Tencent Games, in order to bring ‘Timi Run Everyday’ to the smartband, as well as revealing a fourth quarter release date.

A number of developers and at least 1,000 Razer fans, who got to smartband for $1, have been granted beta access to the device so far. The first changes in the Nabu smartband were noticed at the Electronic Entertainment Expo in June, when the 32 x 32 pixel display was removed due to user feedback. Also, the upper screen is said to have been ignored most of the time, leading to its complete removal and changing the way the larger screen activates.

Even though Razer pointed to the last quarter of 2014 as a release date for the smartband, it is aiming to release the Nabu smartband sooner rather than later. This is why October is said to be the most suitable release date. Also, developers such as Wargaming, Techland, Halfbrick and Shortbreak Studios have signed on for the Nabu smartband. However, no details on what projects they might be working on was released.

Thank you Electronista for providing us with this information

Intel Roadmap Shows New Line of SSDs Due For Launch Around Q4

During a tech conference over in Italy, where Intel have been displaying their upcoming roadmap for the CPU market, they have also touched on what the SSD side of their business will look like over the next few months. Although Intel does cover both the consumer and enterprise sides of the market as reflected in the roadmap, what is particularly interesting is the consumer trail towards the end of this year.

Not only does the map show that the will be expecting to see the successor to the 730 Series SSD around Q4, known as ‘August Ridge’  at this moment in time, but it also gives us an indication that there will be mSATA and M.2 variants of the 750 series coming to market around the same sort of time – a key move for any SSD manufacturer who wants to stay at the forefront of the market.

Based on our knowledge of their competitors and where the market is targeted, we may expect to see drives ranging from 64GB in a mSATA format and 128GB in M.2 and 2.5″ formats, growing up to around 960GB on the upper end of the scale. Although we do not have detailed information on the drives specifications, we have word that they will be built on Intel’s 20nm NAND although the controller has not ben detailed at this moment, nor pricing for that matter.

Source and image courtesy of TechPowerUp