NVIDIA posted its quarterly earnings results, that surpassed analysts’ expectations.
The computer hardware producer’s earnings came in at $1.36 a share, well above consensus estimate of $1.29 , MarketWatch Earnings reports.
Revenue surged 46.4% from the year-ago quarter to $8.29 billion, also topping analysts’ expectations of $8.09 billion.
Nvidia’s data center revenue climbed +83.1% from the year-ago quarter, faster than the prior quarter’s pace. . According to the company, its data center business was now its biggest platform. Data center revenue of $3.8 billion surpassed the firm’s gaming revenue of $3.6 billion.
Looking ahead, the company expects approximately $8.1 billion in revenue in Q2 FY 2023, implying a year-over-year growth of approximately 24.5%
The firm also recently announced a quarterly dividend of $0.04, which will be paid on Friday, July 1st, to shareholders as of record on Thursday, June 9th.