Sturdy progress in pc video games and remote computing providers, pushed by individuals stuck at home in the course of the coronavirus pandemic, lifted earnings for chip maker Nvidia Corp.
First-quarter income rose 39% from a 12 months earlier to $3.08 billion, the Santa Clara, Calif.-based firm mentioned Thursday. Earnings per share totaled $1.47, greater than double final 12 months’s determine.
The corporate mentioned its data-center gross sales rose 80% to a file $1.14 billion. Income on the video games section elevated 27% to $1.34 billion.
Nvidia’s outcomes present a sign of how some corners of the tech business is likely to be extra resilient than others to the affect of the extended results of the pandemic. The outcomes reported by most main U.S. tech corporations in current weeks lined the primary three months of the 12 months, and mirror just a few weeks of quarantine measures rolled out throughout a lot of the nation in March. Nvidia’s newest earnings cowl the February-through-April interval, providing a broader have a look at the pandemic’s affect.