From Tom's Hardware: Nvidia announced that its business’ finances are now back to normal after the company was hit by a decline in cryptocurrency mining and a slowdown in the data center business over the past year. The company posted 17% revenue growth to $2.58 billion, mostly helped by a 24% growth in the gaming market. It also saw positive growth in the data center business, albeit by only 3%.
Nvidia Chief Financial Officer Colette Kress told analysts on a conference call that:
“Essentially our business is normalized. We’ve reached normalized levels through the last couple quarters and this quarter, just very similar to what we will see going forward.” In a brief interview with MarketWatch after the call, Kress added, “We feel really good about sequential growth, we have sequential growth across all of our platforms.”
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