News/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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