Nvidia revenue rises 12 percent on higher chip demand

Reuters News
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Posted: Feb 17, 2016 4:28 PM

(Reuters) - Chipmaker Nvidia Corp reported a 12 percent rise in quarterly revenue, helped by strong demand for its chips used in gaming consoles and personal computers.

Net income rose to $207 million for the fourth quarter ended Jan. 31 from $193 million a year earlier.

On a per-share basis, net income was flat at 35 cents per share.

Revenue rose to $1.40 billion from $1.25 billion.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Anil D'Silva)