Nvidia's Results Exceed Annual Expectations

Nvidia released its results for the last quarter of 2018 and fiscal year 2019 last night. Analysts expected positive results, with a large increase in profits. The company has risen significantly in the past year on the stock market. Finally the big moment came last night. Some results that are presented as positive, although in which there are many nuances.

Nvidia's Results Exceed Annual Expectations

On the one hand, the company entered 24% less in the last quarter than in the same period of the previous year. A turbulent end of the year, they have said from the company itself.

Nvidia's financial results

As they have said from Nvidia, this fall is related to the bad moment of cryptocurrencies. Since the signature. The brand was looking to release leftover cards that miners in China do not want, although this has not worked as they wanted either. Although the company is forced to get rid of that pool of cards. In addition, cloud services companies frozen their purchases in the last quarter, which led to a reduction in revenue.

But the annual data is positive for the firm. They have obtained revenues of $ 11.72 billion, which is an increase of 21% compared to the 2017 financial year. In addition to being a new record for the firm. They have been reinforced by benefits in other segments such as the production of graphics units for games, data centers, professional image and automotive. Therefore, the annual benefits exceeded $ 4 billion in 2018.

These figures from Nvidia have exceeded the expectations of analysts and the company itself. Investors have received this news in a positive light.

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