Nvidia’s quarterly revenue of the gaming division has increased by almost 30 percent year-on-year, partly due to strong demand for video cards for mining cryptocurrencies. That demand also increased compared to the previous quarter.
The revenue of Nvidia’s gaming division, which includes the GeForce line, increased by nearly $400 million to $1.74 billion. Nvidia’s high-end cards were poorly available in the past quarter. “Strong demand in the cryptocurrency market exceeded our expectations,” acknowledges Nvidia CEO Jen-Hsun Huang.
According to him, it is difficult to determine what share the crypto market has had in the turnover, but the percentage increased compared to last quarter. Because that market is volatile, Nvidia continues to focus on the market for gamers. With Tegra-socs, Nvidia now achieves a turnover of 450 million dollars, a growth of 75 percent. This is partly due to the successful sales of the Nintendo Switch.
The other divisions of Nvidia also recorded an increase in turnover. The Datacenter activities even delivered a revenue increase of 105 percent and Nvidia made $ 606 million in the past quarter with data center chips. The Professional Visualization segment, including Quadro cards, posted a 13 percent increase in revenue to $254 million. With the Tegra-socs for cars, the manufacturer achieved quarterly sales of USD 132 million, a modest growth of 3 percent.
Total quarterly revenue was $2.91 billion, an increase of 34 percent, and net profit grew 71 percent in the quarter to $1.12 billion.