Nvidia's quarterly revenue jumps 53.6 percent

Reuters News
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Posted: Nov 10, 2016 4:27 PM

(Reuters) - Nvidia Corp reported a 53.6 percent jump in quarterly revenue, helped by strong demand for the company's graphics processing chips used in personal computers and data centers.

The company's net income rose to $542 million, or 83 cents per share, in the third quarter ended Oct. 30 from $246 million, or 44 cents per share, a year earlier. [nMKWLSdRKa]

Revenue rose to $2.00 billion from $1.31 billion.

(Reporting by Narottam Medhora in Bengaluru; Editing by Anil D'Silva)