LONDON, February 26, 2013 /PRNewswire/ --
With the U.S. economy showing significant signs of improvement, increased private sector hiring, gains in housing and automobile markets and expansion of domestic energy production and manufacturing are among the macro-trends likely to infuse more confidence in the economy. Increasing consumer spending on gadgets coupled with the emergence of cloud computing, need for production efficiencies will lead to increased demand for semiconductor solutions. NVIDIA Corporation (NASDAQ: NVDA) and Cirrus Logic Inc. (NASDAQ: CRUS) would be some of the biggest gainers of these trends. StockCall has issued technical analysis and charting reports on NVIDIA and Cirrus Logic. Download these free reports now at
NVIDIA Corporation announced fourth quarter and annual results
NVIDIA Corporation is a global technology giant which manufactures graphic processing units (GPUs), Tegra processors for the mobile computing market and PC platform chipsets. For fourth quarter, the company reported Non-GAAP Net Income of $214.9 million, or $0.35 per diluted share, on Non-GAAP Revenues of $1.10 billion. For fiscal 2013, Non-GAAP Net Income was $728.4 million, or $1.17 per diluted share, on Non-GAAP Revenues of $4.28 billion. Non-GAAP gross margins were a record 52.3%. Download the free research on NVIDIA Corp. today by registering at
The three business segments of GPU, Tegra processor and All Others recorded revenues of $3.25 billion, $764 million and $264 million, respectively. The company expects Revenues of $940 million and Non-GAAP gross margins of 53.2% for the first quarter of fiscal 2014.
Karen Burns, interim Chief Financial Officer explained, "The GPU business leverages our GPU technology across multiple end markets, comprising of four primary product lines: GeForce® for desktop and notebook PCs and Macs; Quadro® for professional workstations; Tesla® for high-performance servers and workstations; and NVIDIA GRID™ for server graphics solutions. The Tegra Processor business comprises product lines primarily based on our Tegra SOC and modem processor technologies. The All Other category includes license revenue from our patent cross license agreement with Intel."
Cirrus Logic reports record revenue growth for December quarter
Cirrus Logic develops high-precision, analog and mixed-signal integrated circuits for a broad range of innovative customers. Building on its diverse analog and signal-processing patent portfolio, Cirrus Logic delivers highly optimized products for a variety of audio and energy-related applications. For third quarter, the company reported Non-GAAP Net Income of $112.8 million, or $1.64 per diluted share, on Revenues of $310 million, a growth of 153% over third quarter of fiscal 2013. Non-GAAP gross margins were 37% for the quarter. For nine months of fiscal 2013, Non-GAAP Net Income was $182.45 million, or $2.65 per diluted share, on Revenues of $602.9 million with Non-GAAP gross margins being 31%. Sign up and have access to our free report on Cirrus Logic Inc. at
"Q3 was a great quarter for Cirrus Logic as demand for multiple new products in portable audio drove revenue above our expectations," said Jason Rhode, president and chief executive officer. "During the quarter, we gained traction with our portable audio and LED lighting products, where we began shipping in additional SKUs and customers. Our outlook for the year remains on track, and we are positioned well for further growth in FY14. We continue to see significant opportunities to grow our business with both new and existing customers."
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