The world’s leading chip manufacturer Nvidiaannounced its fourth quarter and fiscal 2023 results. The company announced today On 29 January 2023 provided information about its income for the fourth quarter ended. Within the scope of this information, compared to one year ago 21 percent a decrease occurred.
Nvidia fell 21 percent from a year ago
Chipmaker Nvidia today announced its fourth quarter and 2023 financial results. Revenue for the fourth quarter ended January 29, facing a 21 percent drop from a year ago, according to the company’s statement. In addition, if the company is compared to the previous quarter, 2 percent with an increase $6.05 billion declared that.
Also in the results, GAAP earnings per share for the quarter saw a 52 percent decrease from a year ago. Compared to the previous quarter with an increase of 111 percent. It was $0.57. Diluted non-GAAP earnings per share compared to a year ago 33% drop and compared to the previous quarter up 52 percent together it was 0.88 dollars.
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Fiscal revenue for 2023 remained flat from a year ago at $26.97 billion. Diluted GAAP earnings per share were $1.74, down 55 percent from a year ago. In addition, per diluted share Non-GAAP earningswas $3.34, down 25 percent from a year ago.
Jensen Huang, founder and CEO of Nvidia made a statement on the subject. “Artificial intelligence is at a crossroads for broad adoption reaching every industry. From entrepreneurs to large corporations, we are seeing a growing interest in the versatility and capabilities of productive AI. We are ready to help customers take advantage of breakthroughs in productive AI and major language models.”
Apart from these, Nvidia is partnering with cloud service providers that enable organizations to access Nvidia’s artificial intelligence platform. In addition, customers will have the opportunity to use every layer of Nvidia AI as a cloud service.
With all this, the place that lost the most money to the company was the graphics cards. In particular, there was a significant decrease in the game part. Nvidia, on the other hand, is shipping less graphics cards instead of reducing the price in order to increase demand.
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