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Graphics-chip maker Nvidia's revenue surges 55.1 pct
February 9, 2017 / 9:25 PM / 8 months ago

Graphics-chip maker Nvidia's revenue surges 55.1 pct

Feb 9 (Reuters) - Nvidia Corp’s quarterly revenue surged more than 50 percent for the second straight quarter, helped by rising demand for its graphics chips and strength in rapidly growing areas such as self-driving systems and artificial intelligence.

The company’s net income jumped to $655 million, or 99 cents per share, in the fourth quarter ended Jan. 29, from $207 million, or 35 cents per share, a year earlier.

The company’s revenue rose to $2.17 billion from $1.40 billion. (Reporting by Narottam Medhora in Bengaluru; Editing by Savio D‘Souza)

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