NVIDIA Reports Impressive 12% Increase in Profit for Q2 Earnings Period
NVIDIA Achieves Record Quarterly Revenue Growth of 15% in Q2 FY25
NVIDIA Corporation [NVDA] disclosed its financial results for the second quarter ending July 28, 2024, showcasing a notable profit of $16.6 billion. This figure represents a solid increase from the previous quarter, highlighting the company's strong performance in the technology sector for the specified period.
The company, headquartered in Santa Clara, California, reported to SEC in an 8-K filing $0.67 earnings per share in the quarter, compared to $0.60 in the previous quarter.
NVIDIA Corporation witnessed a remarkable quarterly revenue of $30.0 billion, reflecting a substantial growth trajectory in the technology sector. This revenue surge indicates a significant increase from the previous quarter, showcasing the company's robust performance and market positioning within the industry.
In comparison to the same quarter in the previous year, NVIDIA Corporation's revenue has surged impressively, marking a substantial growth of 122%, further solidifying its presence in the technology sector. Additionally, the company's profit in the current quarter exhibited a remarkable percentage change of 168% when compared to the profit in the same quarter of the previous year, underscoring its strong financial performance over time.
As of August 27, 2024 end of day trading.
