SANTA CLARA, Calif., Aug 11, 2005 /PRNewswire-FirstCall via COMTEX/ -- NVIDIA Corporation (NVDA) today reported financial results for the second quarter of fiscal 2006 ended July 31, 2005.

For the second quarter of fiscal 2006, revenue was $574.8 million, compared to $456.1 million for the second quarter of fiscal 2005, an increase of 26 percent. Net income for the second quarter of fiscal 2006 was $74.8 million, or $0.41 per diluted share, compared to net income of $5.1 million, or $0.03 per diluted share, for the second quarter of fiscal 2005, a net income increase of 1,362 percent.

Revenue for the six months ended July 31, 2005 was a record $1.16 billion, compared to revenue of $928.0 million for the six months ended July 25, 2004. Net income for the six months ended July 31, 2005 was $139.3 million, or $0.77 per diluted share, compared to net income of $26.5 million, or $0.15 per diluted share, for the six months ended July 25, 2004, a net income increase of 426 percent.

"Our financial performance is a result of the successful execution and delivery of many market-leading products and platform-changing initiatives. Strong year-over-year revenue growth in our desktop GPU, MCP, and workstation product lines, combined with our intense focus on gross margin improvement led to our highest quarterly net income in three years," stated Jen-Hsun Huang, president and CEO at NVIDIA. "Our continued success underscores the importance of our key long-term growth strategies -- innovate and be the world GPU leader, expand and extend the reach of GPUs beyond the PC, and deliver total innovative market-defining platforms."

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Nvda is trading up 5% approaching $30 as of the result this morning

If you must ask ATI is trading at $11.80