Santa Clara, Calif.-based Nvidia Corp. Thursday reported revenues of $515.6 million for its fiscal Q3 2005 ended Oct. 24, a modest 6.1 percent higher than $486.1 million in fiscal Q3 2004.

However, net income skyrocketed 304.7 percent to $25.9 million, compared to $6.4 million in the same quarter last year, thanks to the success of its GeForce 6 architecture, the company said.

“We are at the early stages of our GeForce 6 ramp," said Jen-Hsun Huang, president and CEO of Nvidia, in a statement. "Our improving financial performance reflects the success of the GeForce 6 architecture and our strategy to re-capture the technology leadership position. We are ramping the GeForce 6 family aggressively and intend to quickly drive our award-winning architecture into every segment and market we serve.”

Revenue for the nine months ended Oct. 24 was $1.44 billion, almost 7 percent higher than $1.35 billion for the same time period last year. Net income for the nine months was $52.3 million, 4 percent higher than the $50.3 million recorded for the nine months in 2003.

By: DocMemory
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