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|seo_title=Nvidia's Q4 Financial Results Revealed
|seo_title=Nvidia's Q4 Financial Results Revealed
|seo_keywords=Nvidia
|seo_keywords=Nvidia
|image=nvidia.png
|image=nvidia.jng
|tags=Nvidia
|tags=Nvidia
|date=2024-02-22T10:56:05.000Z
|date=2024-02-22T10:56:05.000Z
|sources={{NewsSource
|source=Venture Beat
|url=https://venturebeat.com/ai/nvidias-q4-revenues-hit-22-1-up-265-from-a-year-ago/
|article=News/Nvidia's Q4 Financial Results Revealed
}}
|author=Andura
|author=Andura
|category=Business,Companies
|category=Business,Companies

Revision as of 12:03, 22 February 2024







Nvidia's Q4 Financial Results Revealed
Nvidia's Q4 Financial Results Revealed

Business Companies

22 February 2024 10:56

Nvidia announced its fourth fiscal quarter results for fiscal 2024, ending on January 31, 2024, with revenue reaching $22.1 billion. This figure surpassed Wall Street's expectations and marked a significant increase of 265% year-over-year and 22% sequentially. The company's data center segment notably experienced remarkable growth, rising by 409% from the previous year and 27% sequentially to $18.4b. Overall, Nvidia's full-year revenue amounted to $60.9b, reflecting a substantial increase of 126% compared to the previous year.

Jensen Huang, CEO of Nvidia, stated “Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level.”

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Dante Uzel
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Dante Uzel is an esports and gaming news journalist with eight years covering the industry. His work has appeared in publications including Game Life and The Game Post, and he currently reports for TwogNews and TwogPedia.