Fabless chip vendor Nvidia reported its revenues for the 2014 year/fiscal year 2015 Wednesday (Feb. 11) highlighting a number of its GPU platforms leading to a record performance.
Revenues in 2014 amounted to $4.68 billion for Nvidia, up 13 percent from $4.13 billion in 2013.
Jen-Hsun Huang, president and CEO of Nvidia, said in a statement the momentum from its market-specialized platforms drove the record revenue specifically with its GeForce and SHIELD products that extended Nvidia’s “reach in the rapidly growing global gaming market.” Huang also noted that growth in its automotive platform, dubbed DRIVE, and its GRID enterprise graphics applications also contributed to the growth in revenues during the year.
“The success of these platforms highlights the growing importance of visual computing and the opportunities ahead for Nvidia,” Huang said.
Looking ahead to the first quarter of 2015, Nvidia is forecasting revenues of $1.16 billion, plus or minus 2 percent, with a GAAP and non-GAAP gross margin expected to be 56.2 percent and 56.5 percent, respectively. For the 2015 year, Nvidia said its capital expenditures are expected to be between about $30 million to $40 million.
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