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Huge losses at Nvidia

Andrew Wooden
Huge losses at Nvidia
Nvidia’s results for fiscal Q4 revealed a $147.7 million net loss, while for the year as a whole the firm made a loss of £30 million.

The firm blamed a ‘difficult and uncertain’ environment for the figures.

Q4 revenue was $481.1 million, compared to $1.2 billion for the same period the previous year.

"The environment is clearly difficult and uncertain,” said Jen-Hsun Huang, president and CEO of NVIDIA. “Our first priority is to set an operating expense level that balances cash conservation while allowing us to continue to invest in initiatives that are of great importance to the market and in which we believe we have industry leadership. We have initiatives in all areas to reduce operating expenses.

“Although fiscal 2009 was extremely difficult, it was one of our best years of innovation. We made many important advances in graphics processing with PhysX and 3D Vision, GPU computing with CUDA and Tesla, and mobile computing with ION and Tegra. I am pleased with the excellent achievements we made in each of these important areas."

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Tags: Nvidia, losses, q4 results

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