nVidia Reports mixed 4Q and Annual Results

Following market closure on Wednesday, nVidia reported its fourth Quarter results as well as last year's total figures, including cumulative revenue, gross margins, and net income. For the fourth quarter of financial year 2010 [nVidia's F4Q runs from November 1st to January 31], company reported revenue of $982.5 million in Q4 which was a nine percent rise quarter over quarter coming from Q3. This was also 40 million dollars higher than Wall Street analysts consensus. During this same quarter, nVidia also managed to post a GAAP net income of $131.1 million. They also managed to increase their gross margin to 44.7 percent in that very same quarter.