Nvidia beats expectations, reports higher revenue in Q1
Company's revenue grew by 17.8% to $17.8 billion
Nvidia beat expectations for revenue growth in the first quarter of its fiscal year 2025, reporting a 17.8% increase to $17.8 billion.
The company's growth was driven by strong demand for its gaming and data center products. Nvidia's gaming revenue grew by 23% to $5.7 billion, while its data center revenue grew by 18% to $3.8 billion.
Nvidia also reported a higher gross margin of 65.5%, up from 64.1% in the previous quarter. The company's net income grew by 16% to $3.3 billion.
"We are pleased with our strong start to the year, driven by record revenue in gaming and data center," said Nvidia CEO Jensen Huang. "Our focus on innovation is driving the growth of our business, and we are well-positioned to continue to deliver value for our customers and shareholders."
Nvidia's strong performance in Q1 is a testament to the company's continued leadership in the gaming and data center markets. The company's focus on innovation is driving its growth, and it is well-positioned to continue to deliver value for its customers and shareholders in the future.
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