NVIDIA Announces Financial Results for First Quarter Fiscal 2024
NVIDIA News, Wednesday, May 24,2023
Quarterly revenue of $7.19 billion, up 19% from previous quarter
NVIDIA reported revenue for the first quarter ended April 30, 2023, of $7.19 billion, down 13% from a year ago and up 19% from the previous quarter.
GAAP earnings per diluted share for the quarter were $0.82, up 28% from a year ago and up 44% from the previous quarter. Non-GAAP earnings per diluted share were $1.09, down 20% from a year ago and up 24% from the previous quarter.
'The computer industry is going through two simultaneous transitions - accelerated computing and generative AI,' said Jensen Huang, founder and CEO of NVIDIA.