NVIDIA posts Q1 FY 2019 results, revenue goes up 66% y/y
NVIDIA has posted its Q1 results of fiscal 2019. The company has notched up a respectable revenue at $3.21 billion, or a 66% increase year-on-year. In comparison, last year’s result stood at $1.94 billion.
NVIDIA’s profit was driven by several factors, including the crypto mining bonanza and most notably, of course, the gaming sector. According to NVIDIA founder and CEO Jensen Huang, the quarter was strong across the whole portfolio. However, gaming remains the main driver of revenue, tapping into the booming eSports market and the arrival of the battle royale games.
This assessment was confirmed by City analysts who concluded that ‘Strong gaming demand from battle royale-style games, eSports and new titles coupled with the strength of the Volta architecture in the data centre.’
‘Our data centre business achieved another record and gaming remained strong,’ Huang continued and added that ‘At the heart of our opportunity is the incredible growth of computing demand of AI, just as traditional computing has slowed. The GPU computing approach we have pioneered is ideal for filling this vacuum. And our invention of the Tensor Core GPU has further enhanced our strong position to power the AI era.’
As games become more GPU-hungry, so does NVIDIA see its revenue grow following the trend. Currently, the manufacturer is championing eSports through a multitude of partnerships with established professional gaming powerhouses, including Team Liquid, Team Secret and Natus Vincere.