PCR Tech and IT retail, distribution and vendor news
Chip maker Nvidia and distributor Exertis’ parent company have today delivered encouraging financial updates.
Nvidia
Nvidia posted record revenues for its fiscal Q4 and full year 2015. Revenue for its full year was $4.68 billion, up 13 per cent year-on-year.
Revenue for Q4 ending January 25th 2015 was $1.25 billion, up nine per cent year-on-year.
Q4 net income rose to $193 million, up from last year’s $146 million; Full year net income rose to $630 million from last year’s $439 million.
"Momentum is accelerating in each of our market-specialized platforms, driving record revenue in the quarter and full year," said Jen-Hsun Huang, president and chief executive officer of Nvidia.
"GeForce and Shield are extending our reach in the rapidly growing global gaming market. Our DRIVE auto-computing platform is at the center of the advance toward self-driving cars. GRID is enabling enterprises to finally virtualize graphics-intensive applications. And our Tesla accelerated computing platform is helping to ignite the deep learning revolution.
"The success of these platforms highlights the growing importance of visual computing and the opportunities ahead for Nvidia."
DCC
Distributor Exertis’ parent company DCC plc has posted its Interim Management Statement for its fiscal Q3 ending December 31st, 2014.
The firm revealed ‘good growth’ in year-on-year operating profit within tech and its other divisions, including strong sales of PCs and servers.
"Operating profit in DCC Technology, the Group’s second largest division, was ahead of the prior year, in what is the most important trading quarter for the division," DCC said in a statement.
"Revenue growth was modest reflecting the anticipated lower sales of tablets and mobile phones, although this was offset by a strong performance in PCs and servers, an improved performance in France and the impact of the CapTech acquisition."
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