Nvidia doubles sales and profits
In the fourth quarter of fiscal year 2002 Nvidia was able to increase its sales compared to the same quarter of the previous year by 129 percent from 218.2 million US dollars to 499.9 million US dollars. The profit was almost tripled.
Compared to the same quarter of the previous year with 39.1 million US dollars, Nvidia achieved 106.8 million US dollars profit before tax in the past quarter. Net earnings were still $ 75 million, or $ 0.43 per share. In the entire fiscal year 2002, which ended with Nvidia on January 27th, 1.37 billion US dollar sales were generated, an increase of 87 percent over the previous year. Pre-tax profit rose from $ 130.3 million in 2001 to $ 264.7 million in 2002. The entire Nvidia press release can be read here .