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Nvidia financial report shows record year, sees growth in GPUs

Nvidia has announced its full-year financial results for the 2015/2016 fiscal year, showing that the GPU business is going strong and seeing growth while also setting company records. Revenue for the fiscal year topped the $5.01 billion mark, with $1.4 billion of that being made per quarter.

This is up 12 percent from the $1.25 billion per quarter that Nvidia made in the previous fiscal year. Finally, Nvidia’s net income for 2016 was $614 million.

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Nvidia is hopeful about the upcoming year too, with the company betting on Virtual Reality increasing demand for graphics chips. Gaming isn’t Nvidia’s only focus, though, as company CEO, Jen-Hsun Huang said that deep learning and self-driving cars are also helping to drive demand for graphics chips. Right now, Nvidia is working with 70 companies in total on self-driving cars and believes that deep learning is going to be a “big killer app”, as VentureBeat reports.

Finally, Nvidia also listed what it feels were the biggest PC games of the holiday season, which included Fallout 4, Rainbow Six: Siege, Call of Duty: Black Ops III and Star Wars: Battlefront.

KitGuru Says:  PC gaming has been growing strong over the last couple of years and it looks like Virtual Reality is going to increase demand for high-performance chips. 

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