Nvidia's Record Fourth

The introduction of the GeForce and Quadra bands, as well as cross licensing agreements with S3 and SGI, have led Nvidia to record revenues of the fourth quarter. The company recorded fourth quarter revenues of $128.5 million, an increase of 96% percent from last year's fourth quarter mark of $65.5 million. Net income also nearly doubled, to $14.6 million for this year's fourth quarter versus $7.7 million in the same quarter last year. "Fiscal 2000 was a milestone year for NVIDIA. We strengthened our technology leadership," said Nvidia CEO Jen-Hsun Huang, "And most importantly, we've built a strong foundation to drive our continued growth."