Computer hardware and consumer electronics provider Nvidia posted a strong 2021 fiscal year, benefitting from an uptick in one of their primary markets, the video game industry. According to data presented by 123scommesse.it, Nvidia’s revenue increased by 53% YoY in their fiscal year 2021 to $16.68B.
Nvidia’s Revenue Records Impressive CAGR of 27.2% From 2016-2021
Nvidia is most popularly known for producing high-performance graphics processing units (GPUs) for the video game and professional markets. In their fiscal year which ended in January 31, 2021, Nvidia posted revenue of $16.68B – a 43% YoY increase from 2020’s $10.92B. From 2016-2021, Nvidia’s global revenue experienced a compound annual growth rate (CAGR) of 27.2%
Nvidia also posted an estimated net income of $4.33B in their fiscal year ending January 2021, compared to just $2.8B in fiscal year ending in 2020 – a 55% YoY increase. Fiscal year 2021 also saw Nvidia’s total assets rise to $28.79B compared to just $17.32B in 2020 – a 66% YoY increase.
Nvidia Enjoys Growth In Two Of Its Primary Markets
The video game industry is still Nvidia’s most lucrative market amounting to $7.76B in revenue after enjoying a significant 41% YoY growth in fiscal year 2021. Nvidia’s data centre market had the largest growth for fiscal year 2021 amounting to $6.7B compared to just under $3B in 2020 – a staggering YoY growth of 124.5%.
In terms of operating segment, the graphics business segment accounted for $9.83B compared to just $7.64B in fiscal year 2020 – a 29% YoY increase. Nvidia’s Compute & Networking segment more than doubled in fiscal year 2021 amounting to $6,84B in 2021 compared to just $3.28B in 2020.
In the fiscal year ending 2021, Nvidia also recorded its highest spend on Research & Development, amounting to just under $4B – a 39% YoY increase.
Rex Pascual, eSports editor at 123commesse.it, commented on Nvidia’s growth;
“Nvidia is one of the most popular brands in the gaming industry which has always been a lucrative source of revenue for the company. Its meteoric growth in the data centre market is what should get investors excited as it is a clear indication of the company’s smart decision to diversify on the back of sustained success. Nvidia also recorded its highest R&D spend in fiscal year 2021 which shows that the company has its eyes on long-term success.”
You can read more about the story with more statistics and information at: https://www.123scommesse.it/senza-categoria/nvidias-revenue-increased-by-43-yoy-to-16-68b-in-fiscal-year-2021/
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