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4q20’s revenue was US $5 billion, and its net profit increased by 53% year on year From NVIDIA

The following is the 4q20’s revenue was US $5 billion, and its net profit increased by 53% year on year From NVIDIA recommended by recordtrend.com. And this article belongs to the classification: artificial intelligence, Enterprise financial report, Investment & Economy, New generation of information technology industry.

In the early hours of February 25, 2021, NVIDIA announced today its financial results for the fourth quarter and the whole year of fiscal year 2021. According to the report, NVIDIA’s revenue in the fourth quarter was US $5.003 billion, up 61% compared with us $3.105 billion in the same period of last year, up 6% compared with us $4.726 billion in the previous quarter; its net profit was US $1.457 billion, up 53% compared with us $950 million in the same period of last year, up 9% compared with us $1.336 billion in the previous quarter; it did not include some one-time items (not in accordance with us general accounting) The adjusted net profit of NVIDIA in the fourth quarter was $1.957 billion, up 67% from $1.172 billion in the same period of last year, and 7% from $1.834 billion in the previous quarter.

NVIDIA’s revenue and adjusted earnings per share for the fourth quarter of fiscal year 2021 and revenue outlook for the first quarter of fiscal year 2022 exceeded Wall Street analysts’ previous expectations, pushing its share price up nearly 2% after hours.

Main results of the fourth quarter:

In the quarter ended January 31, NVIDIA’s net profit was $1.457 billion, up 53% from $950 million in the same period last year and 9% from $1.336 billion in the previous quarter; its diluted earnings per share was $2.31, up 51% from $1.53 in the same period last year and 9% from $2.12 in the previous quarter.

Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s adjusted net profit in the fourth quarter was US $1.957 billion, up 67% compared with us $1.172 billion in the same period of the previous year, and 7% compared with us $1.834 billion in the previous quarter; its adjusted diluted earnings per share was US $3.10, up 64% compared with us $1.89 in the same period of the previous year, and up 64% compared with us $2.91 in the previous quarter Compared with 7% growth, this performance exceeded analysts’ expectations. According to data provided by Yahoo Finance Channel, 30 analysts had expected NVIDIA’s fourth quarter earnings per share to reach $2.81 on average.

NVIDIA’s revenue in the fourth quarter was US $5.003 billion, up 61% from US $3.105 billion in the same period last year and 6% from US $4.726 billion in the previous quarter, which also exceeded analysts’ expectations. According to data provided by Yahoo Finance Channel, 30 analysts had expected NVIDIA’s fourth quarter revenue to reach $4.82 billion on average.

NVIDIA’s gross profit margin in the fourth quarter was 63.1%, down 180 basis points from 64.9% in the same period last year and up 50 basis points from 62.6% in the previous quarter. Excluding certain one-time items (not in accordance with U.S. GAAP), NVIDIA’s adjusted gross profit margin in the fourth quarter was 65.5%, up 10 basis points from 65.4% in the same period of last year, and unchanged from 65.5% in the previous quarter.

NVIDIA’s operating expenses in the fourth quarter were $1.650 billion, up 61% from $1.025 billion in the same period last year, and 6% from $1.562 billion in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s adjusted operating expenses in the fourth quarter were US $1.187 billion, up 47% from US $810 million in the same period of last year, and 8% from US $1.101 billion in the previous quarter.

NVIDIA’s operating profit in the fourth quarter was $1.507 billion, up 52% from $990 million in the same period last year, and 8% from $1.398 billion in the previous quarter. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s adjusted operating profit in the fourth quarter was US $2089 million, up 71% from US $1220 million in the same period of last year and 5% from US $1.993 billion in the previous quarter.

Main achievements of the year:

In the whole fiscal year 2021, NVIDIA’s net profit was US $4332 million, up 55% from US $2796 million in fiscal year 2020, and diluted earnings per share was US $6.90, up 53% from US $4.52 in fiscal year 2020.

Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s net profit in fiscal year 2021 was US $6.277 billion, an increase of 75% compared with us $3.580 billion in fiscal year 2020, and its diluted earnings per share was US $10.00, an increase of 73% compared with us $5.79 in fiscal year 2020.

NVIDIA’s revenue in fiscal year 2021 was $16.675 billion, up 53% from $10.918 billion in fiscal year 2020.

NVIDIA’s gross margin in fy2021 was 62.3%, up 30 basis points from 62.0% in fy2020. Excluding certain one-time items (not in accordance with U.S. GAAP), NVIDIA’s adjusted gross profit margin was 65.6% in fy2021, up 310 basis points from 62.5% in fy2020.

NVIDIA’s operating expenditure in fiscal year 2021 was US $5.864 billion, up 50% from US $3.922 billion in fiscal year 2020. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s adjusted operating expenses in fiscal year 2021 was US $4144 million, an increase of 34% compared with us $3086 million in fiscal year 2020.

NVIDIA’s operating profit in fy2021 was $4.532 billion, up 59% from $2.846 billion in fy2020. Excluding certain one-time items (not in accordance with US GAAP), NVIDIA’s operating profit in fiscal year 2021 was US $6.803 billion, an increase of 82% compared with us $3.735 billion in fiscal year 2020.

Other financial information:

In the fourth quarter of fy2021, NVIDIA paid shareholders a quarterly cash dividend of $99 million. Throughout the 2021 fiscal year, NVIDIA distributed a cash dividend of $395 million to its shareholders.

NVIDIA will pay its next quarterly cash dividend of $0.16 per share to all registered shareholders as of March 10, 2021 on March 31, 2021.

Performance Outlook:

NVIDIA expects that in the first quarter of fiscal 2022, the company’s revenue will reach US $5.3 billion, up and down by 2%, exceeding analysts’ expectations; gross profit margin in accordance with and not in accordance with US GAAP is expected to reach 63.8% and 66.0%, up and down by 50 basis points respectively; operating expenses in accordance with and not in accordance with us gaap are expected to reach US $1.67 billion and US $1.20 billion respectively; operating expenses in accordance with us gaap and not in accordance with us gaap are expected to reach US $1.67 billion and US $1.20 billion respectively Other income according to and not in accordance with the U.S. GAAP is expected to reach about $50 million; the tax rate according to and not in accordance with the U.S. GAAP is expected to be 10%, up and down 1%. According to data provided by Yahoo Finance Channel, 30 analysts had expected NVIDIA’s first quarter revenue to reach $4.51 billion on average.

Changes in share price:

On the same day, NVIDIA shares closed up $14.28, or 2.52%, at $579.96 in regular NASDAQ trading. In subsequent after hours trading up to 4:32 p.m. EST on Wednesday (5:32 a.m. Beijing time on Thursday), NVIDIA’s shares rose another $10.88, or 1.88%, to $590.84. In the past 52 weeks, NVIDIA’s highest price was $614.90 and its lowest price was $180.68.

NVIDIA: 3q20 revenue was US $4.726 billion, up 57% year on year. NVIDIA: when AI computing accelerated, IBM: 1q20 net profit was US $1.176 billion, down 26% year on year. IBM: 4q20 revenue was US $20.367 billion, down 6% year on year IBM:3Q20 Revenue down 2.6% Red hat and hybrid cloud business shine brilliantly: 1q19 data center, games and cryptocurrency continue to drive revenue growth 2017 US Fortune 500: intelligent car manufacturer Tesla and artificial intelligence chip maker NVIDIA are shortlisted for the first time tractica: it is estimated that the global deep learning chip market will reach US $12.2 billion in 2025 TSMC: 4q20 revenue will reach US $12.68 billion 22% year on year increase: according to the survey, enterprises are unwilling to spend money on artificial intelligence training for employees. IBM: 2q20 revenue decreased by 5.4% year on year to US $18.1 billion. UFIDA: cloud service revenue increased by 132% year on year in 2019. Qualcomm: 3q20 revenue was US $4.893 billion, exceeding expectations. SMIC: 2q20 revenue was US $938.5 million, net profit was US $138 million. SMIC’s decline expanded to 8% The company said the increase in depreciation would put pressure on net profit

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