NVIDIA Reports Record Financial Results for Fourth Quarter and Fiscal 2024
Earnings per share soar 474%, revenue jumps 241%
SANTA CLARA, Calif., May 22, 2024 (GLOBE NEWSWIRE)
NVIDIA (NASDAQ: NVDA) today reported financial results for the fourth quarter and fiscal 2024. The company posted record revenue of $22.1 billion for the quarter, up 241% year-over-year. Earnings per share skyrocketed by 474% to $5.22. These results exceeded analysts' expectations, who had predicted earnings per share of $3.52 and revenue of $17.8 billion.
"NVIDIA's outstanding financial performance in the fourth quarter and fiscal 2024 is a testament to the strength of our technology and the growing demand for our products across multiple industries," said Jensen Huang, NVIDIA's founder and CEO. "We are particularly excited about the growth of our data center business, which is being fueled by the rapid adoption of AI and machine learning."
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