VR World

New Tegra Strategy Drives Nvidia's Earnings Upwards

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Re-focusing Tegra’s strategy away from smartphones has appeared to pay-off for Nvidia, as the company’s profits climbed 33% compared to the same quarter last year on strong growth in its Tegra as well as datacenter and cloud divisions. For the second-quarter of its fiscal year Nvidia reported net income of $128 million on revenue of $1.1 billion, compared to a net profit of $96.4 million for the same quarter last year. Of particular interest in Nvidia’s quarterly report was the dramatic increase in revenue from its Tegra division. Once the sick man of the company’s various business units, the Tegra division reported a 200% increase