Nvidia shows its financial results for the last quarter of 2017

Nvidia reported earnings for the fourth quarter of 2017, noting that the company not only benefited widely from the US tax reform. But also the boom in demand for its Pascal-based graphics cards.

Nvidia publishes its financial results

Nvidia has reported a 34% increase in revenue compared to the same period last year. Results that have exceeded analyst expectations, and that have been largely motivated by video game products that contributed $ 1.74 billion in revenue.

Second, there is a category related to data centers that have added another $ 606 million to total earnings. Part of the revenue related to the gaming market comes from the increase in these components due to the boom in cryptocurrency mining, despite this the Nvidia chief financial officer has remained cautious:

Although the contribution of the mining cryptocurrency to our business is difficult to quantify, it is likely that it has been higher than in previous years. However, we remain committed to our gaming demands as cryptocurrency trends are likely to remain volatile.

Nintendo Switch was also a huge driver of growth thanks to the use of Nvidia's Tegra X1 processor. The portable console has managed to sell 14.86 million units, thus Nvidia's revenues from its Tegra processor totaled $ 450 million, a growth of more than 75% over last year.

Nvidia's net income has increased 71% yoy to $ 1.18 billion. Net income for the fiscal year of $ 3.04 billion has been reported, which in itself was 83%. Nvidia has had a net profit of $ 133 million thanks to the tax reform that was approved in the United States that supposes a tax rate of 12% compared to the previous 17%.

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