Nvidia Corporation reported financial results for the first quarter ended April 29, 2018 with revenues of $3.21 billion, an increase of 66%, compared to $1.94 billion in Q1 FY18. Net income for Q1 FY19 was $1.24 billion, a drastic increase of 145%, compared to the net income of $507 million in Q1 FY18.
In this quarter, Nvidia saw significant growth in revenues across all its business segments. The gaming and datacenter segments recorded revenues of $1.72 billion (up 68%) and $701 million (up 71%) respectively whereas professional visualization and the automotive segment recorded revenues of $251 million (up 22%) and $145 million (up 4%) respectively.
Looking forward to the second quarter of fiscal 2019, Nvidia expects the revenues to be $3.10 billion, plus or minus 2%.
