View source for News/Nvidia's Q4 Financial Results Revealed

{{News
|seo_title=Nvidia's Q4 Financial Results Revealed
|seo_keywords=Nvidia
|image=nvidia.jpg
|tags=Nvidia
|date=2024-02-22T10:56:05.000Z
|sources={{NewsSource
|source=Venture Beat
|url=https://venturebeat.com/ai/nvidias-q4-revenues-hit-22-1-up-265-from-a-year-ago/
|article=News/Nvidia&#39;s Q4 Financial Results Revealed
}}
|author=Andura
|category=Business,Companies
|content=[[Companies/Nvidia|Nvidia]] announced its fourth fiscal quarter results for fiscal 2024, ending on January 31, 2024, with revenue reaching $22.1 billion. This figure surpassed Wall Street's expectations and marked a significant increase of 265% year-over-year and 22% sequentially. The company's data center segment notably experienced remarkable growth, rising by 409% from the previous year and 27% sequentially to $18.4b. Overall, Nvidia's full-year revenue amounted to $60.9b, reflecting a substantial increase of 126% compared to the previous year.

Jensen Huang, CEO of Nvidia, stated '''“Our Data Center platform is powered by increasingly diverse drivers — demand for data processing, training and inference from large cloud-service providers and GPU-specialized ones, as well as from enterprise software and consumer internet companies. Vertical industries — led by auto, financial services and healthcare — are now at a multibillion-dollar level.”'''
}}