This week the folks at NVIDIA have revealed their financial results for both the end of the year (2012) and their fourth quarter fiscal 2013, coming in at 7.1% greater revenue this fiscal year than the last. According the NVIDIA CEO Jen-Hsun Huang, “this year we did the best work in our company’s history” – all $4.28 billion of it (in GAAP annual revenue, that is). And with announcements of such innovations for the company as 4G LTE in their Tegra 4 processors coming up and out this year on products such as Project SHIELD, a hand-held Android/streaming gaming monster, the company has nowhere to go but up.
NVIDIA announced today that they repurchased a monstrous $100 million in stock while they paid a dividend of $0.075 per share back to investors, that equalling out to be a lovely $46.9 million in the end. GAAP earnings per share this reported year were $0.90 per diluted share, one of only a few down-turns compared to last year. Another was Non-GAAP earnings per diluted share being reduced from $1.19 in fiscal 2012 to $1.17 in fiscal 2013.
One of the highest points in the report was NVIDIA’s reported $4.28 billion in revenue for fiscal 2013, that being a record for the company. Outlook for the future is being shown to be quite positive as well, with revenue for the first quarter of NVIDIA’s fiscal 2014 set to be a fabulous $940 million – plus or minus 2 percent. NVIDIA also notes that they plan on paying another quarterly cash dividend of $0.075 per share on March 21st, 2013 – this will go to all stackholders on record as of February 28th, 2013.
Operating expenses for this upcoming quarter are expected to be “approximately” $430 million – that’s up for $402 million this past quarter. Over the entirety of fiscal 2013, NVIDIA reported $1,578.1 in operating expenses, while fiscal 2012 came in at $1,408.2 – and all of these numbers are GAAP, mind you, with non-GAAP numbers available to you in the full NVIDIA report.
An expanded growth over the next 12 months has been projected by NVIDIA and lots of exciting things are in store without a doubt. Stay tuned to SlashGear for more information on NVIDIA’s future through our Tegra hub as well as the NVIDIA tag portal for more!