The first quarter of the fiscal year 2010 is over in NVIDIA’s books and it has presented the results. With close to halved income compared to same period last year and loss of $201.3 million, the report is anything but entertaining to read. NVIDIA is trying to emphasize some positive signals. NVIDIA’s CEO Jen-Hsun Huang had the following to say;
”We made good progress managing expenses and significantly reducing inventory, while continuing to invest in our growth strategies”
First of all, even if the result was very poor, it was still 38 % better than the last quarter. It has great faith in its Tegra chip and hopes it will become a big success. Do note that the major portion of the loss, $140.2 million, was a single one-time cash tender offer to purchase employee stock options.
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