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Nvidia revenue up 5% thanks to eSports and PC growth

Nvidia today released its financials for the quarter ended July 26, with the firm posting a 5 percent revenue increase, thanks, in part, to the rise of eSports and the continued growth of PC gaming.

GeForce creator Nvidia today released its financials for the quarter ended July 26, with the firm posting a 5 percent revenue increase, thanks, in part, to the rise of eSports and the continued growth of PC gaming. 

Nvidia saw revenue jump from $1.153 billion from $1.103 - a marginal increase on the $1.151 billion it brought in during the previous quarter. Profits were also on the up, rising from $619 million to $634 million year-on-year. 

Jen-Hsun Huang, president and chief executive officer of Nvidia, explained that investment in important markets, the emergence of new technologies - such as 4K, VR, and driverless vehicles - and the continuous growth of visual computing means the company's growth opportunities are "more exciting than ever." 

"Our gaming platforms continue to be fueled by growth in multiple vectors -- new technologies like 4K and VR, blockbuster games with amazing production values, and increasing worldwide fan engagement in eSports. 

"We're working with more than 50 companies that are exploring Nvidia Drive to enable self-driving cars. And our GPU-accelerated data center platform continues to make great strides in some of today's most important computing initiatives."

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