13 Feb 2013 Santa Clara - NVIDIA has reported revenue for fiscal 2013 ended January 27, 2013, of a record $4.28 billion, up 7.1 percent from $4.00 billion in fiscal 2012. GAAP earnings per share for the year were $0.90 per diluted share, a decrease of 4.3 percent from $0.94 in fiscal 2012. Non-GAAP earnings per diluted share were $1.17, down 1.7 percent from $1.19 in fiscal 2012. During the quarter, NVIDIA repurchased $100.0 million of stock and paid a dividend of $0.075 per share, equivalent to $46.9 million.
"This year we did the best work in our company's history", stated Jen-Hsun Huang, president and chief executive officer of NVIDIA. "We achieved record revenues, margins and cash, despite significant market headwinds. We grew our GPU and Tegra Processor businesses. We are sampling production silicon of the Tegra 4 platform which includes our 4G LTE modem. And we created new pillars for long term growth with Project SHIELD and NVIDIA GRID - first-of-their-kind devices that will extend our leadership in visual computing into mobile and the Cloud."
The outlook for the first quarter of fiscal 2014 is as follows:
NVIDIA estimates depreciation and amortization for the first quarter to be approximately $59 million to $61 million. Capital expenditures are expected to be in the range of $55 million to $65 million. Diluted shares for the first quarter are expected to be approximately 619 million.
Fourth quarter fiscal 2013 highlights include:
NVIDIA will pay its next quarterly cash dividend of $0.075 cents per share on March 21, 2013 to all stockholders of record on February 28, 2013.
During the fourth quarter of fiscal 2013, NVIDIA began reporting two primary financial reporting segments - GPU and Tegra Processor. This change reflects the way NVIDIA is now managing its businesses internally.