Nvidia last night posted a record quarterly revenue and the highest net income the company has seen in three years.

For the three months to 1 May 2005 - or Q1 FY2006 - Nvidia notched up $583.3m in sales, three per cent up on the previous quarter and 23.6 per cent up on Q1 FY2005.

Net income came to $64.4m (36 cents a share), Nvidia's highest quarterly profit since Q1 FY2003's $83.2m, reported back in May 2002. Q1 FY2006's total was 34.2 per cent up on the previous quarter and 202.4 per cent up on the year-ago quarter.

Nvidia's quarterly earnings and revenue figures both beat analyst expectations, based on Thomson Financial averages of 28 cents a share and $581.2m, respectively.

"We have solidly returned our company to growth," said Jen-Hsun Huang, Nvidia's president and CEO. ®

Related stories

Nvidia to launch G70 'at Computex' (http://www.theregister.co.uk/2005/05/12/nvidia_g70_computex/)
ATI Tech weakness hands opportunity to Nvidia (http://www.theregister.co.uk/2005/05/09/csfb_neutral-rating_to_ati_tech/)
ATI multi-card rendering details emerge (http://www.theregister.co.uk/2005/05/06/ati_mvp_details/)
Intel snatches mobile graphics lead from ATI (http://www.channelregister.co.uk/2005/04/28/graphics_chip_sales_q1_05/)
Nvidia ships nForce for Intel (http://www.theregister.co.uk/2005/04/05/nvidia_nforce_intel/)
ATI posts 'strong' Q2 sales gains (http://www.channelregister.co.uk/2005/03/24/results_ati_q2_fy2005/)
Nvidia ships 'world's fastest' notebook graphics chip (http://www.theregister.co.uk/2005/02/25/nvidia_geforce_go_6800_ultra/)
Nvidia Q4 sales best yet - almost (http://www.channelregister.co.uk/2005/02/18/nvidia_results_q4_fy2005/)