posted revenues of $3.08 billion for the first quarter ended April 26, up 39% from a year earlier. The revenues beat expectations, and earnings per share of $1.80 also blew past expectations as datacenter revenues from artificial intelligence and the cloud grew.
Santa Clara, California-based Nvidia makes graphics processing units (GPUs) that can be used for games, AI, and datacenter computing. While many businesses have been hit hard by the pandemic, Nvidia has seen a boost in those areas.
Datacenter revenue was $1.14 billion, up 80% from a year earlier. Gross profit margins, or the profit on products sold, were 65.1%, a new record and much better compared to 58.4% a year earlier.
A year ago, Nvidia’s revenues for the first quarter were $2.22