Nvidia has released its financial results for the first quarter of fiscal 2021, which ended on April 26, 2020. In the three months, the chipmaker earned just under $ 3.1 billion, with $ 917 million remaining in profit. This corresponds to a profit increase of 133 percent with 39 percent more sales – a year ago Nvidia was still struggling with the end of the mining boom, which caused overcrowded stocks and consequently a low profit.
For this reason, the gaming division is all about GeForce graphics cards and chips according to Nvidia's overview with an increase of 27 percent to $ 1.34 billion. At the end of 2019, the GeForce business was significantly stronger due to the season.
Data centers are booming
The Data Center group with GPU accelerators for data centers went uphill rapidly: With sales of $ 1.14 billion in early 2020, it exceeded the billion mark for the first time. The A100 amp model is expected to provide further growth in the coming months. The Professional Visualization business with Quadro graphics cards grew 15 percent to $ 307 million. Only the automotive business with Tegra Systems-on-Chip (SoCs) declined slightly again at $ 155 million. The bottom line is that the share of sales of GeForce GPUs fell by 4 percentage points to just over 43 percent within one year.
In the current second fiscal quarter of 2021, Nvidia expects record revenues of $ 3.65 billion, but with at least a 13 percent share from the recently acquired network specialist Mellanox. The latter brings in over 2600 employees. The stock exchange reacted to Nvidia's business figures with a small minus – the share is currently around 320 euros.