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By | Tony Smith 14th February 2007 10:28

Nvidia lauds record-breaking fourth quarter

Revenues, income rocket

Nvidia last night reported a record quarterly revenenue when it posted the results of Q4 FY2007. The quarter, which ended on 28 January, saw sales rise to $878.9m, up 39 per cent on the year-ago quarter and seven per cent on the previous three-month period.

Net income for the quarter reached $163.5m, up 53.5 per cent sequentially and 66.67 per cent year on year. Earnings per share hit 41 cents. Ignore GAAP rules, which force the inclusion of Nvidia's purchace of iPod chip maker PortalPlayer and other considerations, and the net income would hit $205.6m, with earnings per share of 53 cents.

For the full fiscal year - described by Nvidia as "outstanding" - revenues reached $3.07bn, up 29 per cent on FY2006's $2.38bn. GAAP annual income was $448.8m ($1.15 a share), up 49 per cent.

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