Nvidia's financial results: record earnings and profits continue

NVIDIA has published its financial results for the second quarter (Q2) of fiscal year 2019, which are really positive for the company and confirm its good economic situation.

According to NVIDIA's latest financial results, they are in a very good situation

The company had revenues of 3, 123 million dollars this quarter in FY19, from which they have extracted a net profit of 1, 101 million. Specifically, the gaming division has reported 1.8 billion revenues with 52% growth compared to last year, the data center division grew 83% and reported 760 million, 281 million for professional display and 161 for the automotive.

Gaming graphics sales represent around 60% of NVIDIA's revenue

In the graph provided by the German website Computerbase, you can see the results of NVIDIA since 2006. In blue you can see the income from sales and so on, and in green your net profits. The excellent financial situation in which they find themselves is clearly reflected .

The next quarter is expected to lead to a slight uptick in sales and the continuation of NVIDIA's upward trend in the past year, which, despite a slight decline from last quarter, has seen its revenue increase by 40% and net benefits 90% higher than last year.

We are unaware of the impact cryptocurrency mining has had on these financial results, but the upcoming releases of Quadro RTX and Geforce RTX are likely to give another boost to the company's finances.

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