NVidia has reported a 64 per cent increase in revenue for the second quarter of fiscal 2003 ending July 28, 2002.
The graphics card maker's GeForce4 MX graphic card features in Apple's new dual-processor Power Mac G4 and its LCD iMac, while the eMac uses NVidia's GeForce2 MX graphics card.
NVidia made revenues of $427.3 million in the quarter, compared to $259.9 million for the year ago period. However, the graphics-card maker made smaller-than-expected profits.
Net income for the second quarter of fiscal 2003 was $5.3 million, this compares to $32.9 million for the second quarter of fiscal 2002.
Jen-Hsun Huang, president and CEO of NVidia, said: "Despite the market challenges we faced in the second quarter, we grew our business 64 per cent year-over-year. Though we approach the short term with caution, longer term, we remain very excited about our business."
NVidia also announced the appointment of Marvin Burkett as chief financial officer (CFO). Burkett spent 26 years as corporate controller and then senior vice president and CFO at Advanced Micro Devices.