Hence, the launch of this product will enable NVIDIA to increase its customer base and help in garnering additional revenues. We believe this will take the gaming experience to a new level. Available from Nov 2, the card was released to take down the performance of AMD’s $400 Radeon Vega 56. During the quarter, NVIDIA announced the new high end graphic card, GeForce GTX 1070 1070 Ti. The company’s sustained focus on introducing fast and innovative products, as well as entering into agreements with leading PC game makers, has been driving its Gaming GPU business. Strong growth was primarily due to demand across all regions and form factors. Revenues from Gaming GPU were up 25% on a year-over-year basis to $1.56 billion. Moreover, Nintendo Switch which was launched in March this year, contributed to overall growth. Increasing demand for cryptocurrencies owing from increased adoption of Bitcoin and newer technologies like Ethereum also helped in lifting demand for GPU, consequently contributing to the company’s GPU sales growth. Revenues from the GPU business jumped 31% year over year to $2.22 billion, driven by strength in GeForce GPUs Gaming revenues and datacenter. Further, NVIDIA continued to gain strength in the artificial intelligence (AI) space, which positively impacted the quarter’s revenues. The year-over-year jump is primarily attributable to growth across all the platforms, that is, the GPUs gaming platform, Professional Visualization, datacenter and Tegra automotive platforms. Revenues not only surged 31.5% year over year to $2.636 billion, but also comfortably surpassed the Zacks Consensus Estimate of $2.364 billion, as well as management’s projection of $2.35 billion (+/-2%).

Nvda earnings q3 2017