NVidia's third quarter net income reached $6.3 million on gross revenues 13 per cent higher year-on-year.
Company president and CEO Jen-Hsun Huang said: "NVidia had a solid quarter and our business fundamentals have turned the corner. The full potential of our GeForce FX architecture is just being realized and is propelling our momentum and leadership across all of our products."
The company lost $48.6 million last year. Gross revenues were $486.1 million, the company's gross stood at $430.3 million in the same period last year.
NVidia makes the graphics processors found in many Macs, including the entire LCD iMac range, two PowerBook, and two Power Mac models. Its GeForce graphics card has been enthusiastically described by games-industry insiders as "a beautiful thing".
Revenue for the nine months ended October 26, 2003 was $1.35 billion, compared to revenue of $1.44 billion for the nine months ended October 27, 2002. Net income for the nine months ended October 26, 2003 was $50.3 million, compared to net income of $39.9 million, for the nine months ended October 27, 2002.
The company expects its fourth-quarter revenue to remain steady. Its shares stood at $18.17 last night.