NVIDIA reported revenue of $26 billion in the first quarter of fiscal year 2025, which ended on April 28. announced. NVIDIA continues to generate big financial numbers thanks to demand from many companies for its GPUs to power AI services and data centers.
The $26 billion generated by the company is well above the $7.19 billion revenue earned in the same period of the previous year. Net income was 14.88 billion dollars in the quarter. This is again well above the net income of 2,043 billion dollars obtained in the previous year. The company also said it expects revenue to rise to $28 billion in the second fiscal quarter of 2025.
NVIDIA announced that it will initiate a ten-for-one stock split to make its shares more readily available to anyone who wants to buy them. The stock split will come into force as of June 10. Additionally, the company announced that it would increase its dividend to shareholders from $0.04 per share to $0.10 per share.
The company’s Data Center division, which includes its AI GPU business, generated the bulk of revenue in the quarter, up 427 percent from the same period a year ago. increased by 22, It increased to 6 billion dollars. The gaming department generated a revenue of 2.6 billion dollars in this quarter, an increase of 18 percent compared to the previous year.
