If you click on a link and make a purchase we may receive a small commission. Read our editorial policy.

NVIDIA profits double

Strong graphics card and Xbox sales boost bottom line

NVIDIA last night announced its financial results for the three months to January 27th 2002, showing a massive boost in revenues, partly thanks to strong sales of the Xbox in America. Revenues stood at a touch below $500m, up about 130% compared to the same period the previous year, while profits rose 135% to $73m. All of this at a time when rival companies are continuing to suffer from a slowdown in the PC market or even leaving the graphics card industry entirely. Unfortunately the cloud that came with this silver lining was a confirmation that NVIDIA is being investigated by the Securities & Exchange Commission over continuing allegations of insider trading, and that it has also now begun an internal investigation into some of its accounting practices during the year 2000.

Source - Reuters

You're not signed in!

Create your ReedPop ID & unlock community features and much, much more!

Create account
Tagged With
About the Author



Eurogamer.net logo

Buy things with globes on them

And other lovely Eurogamer merch in our official store!

Explore our store
Eurogamer.net Merch