Nvidia reports record $81.6B quarterly revenue, forecasts slowing growth ahead
Summary
Nvidia reported another record-breaking quarter with $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue for the period ending April 26. The company also revealed $43 billion in startup holdings and authorized $80 billion in share repurchases. However, the company forecasted that revenue growth would slow in the following quarters, tempering some of the enthusiasm around the record results.
Source
bskyNvidia reports record $81.6B quarterly revenue, forecasts slowing growth aheadmexnews.onlineKey quotes
· 3 pulledNvidia announced another record revenue figure after market close on Wednesday, reporting financial results for the quarter ending April 26.
The company brought in $81.6 billion in revenue (up 20% from the previous quarter) and a record $75.2 billion in data center revenue.
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