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Nvidia Q4 profits jump 68%

Nvidia reported solid financial results for the fiscal fourth quarter 2007 ended on January 28. Fueled by strong sales in the desktop and notebook segment, revenues surged 39%, profits climbed by 68%.

4 sales came in at $878.9 million, compared to $633.6 million in the year-ago period. Net earnings were up from $97.4 million to $163.5 million in the same time frame. For the year, the company reported revenues of $3.07 billion, up 29% from $2.38 billion the prior year. Profits for the year increased by 49% from $301.2 million to $448.8 million.

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