May 9, 2017 / 8:29 PM / 3 months ago

Chipmaker Nvidia's quarterly revenue jumps 48.4 pct

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May 9 (Reuters) - Nvidia Corp reported a 48.4 percent jump in quarterly revenue, helped by strong demand for its graphics chips and its diversification into fast-growing areas such as self-driving systems and artificial intelligence.

The company's net income rose to $507 million, or 79 cents per share, in the first quarter ended April 30, from $208 million, or 35 cents per share, a year earlier.

Nvidia's revenue rose to $1.94 billion from $1.31 billion. (Reporting by Narottam Medhora in Bengaluru; Editing by Maju Samuel)

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