Quarterly reporting NVIDIA has its own characteristics. Firstly, in the calendar this developer of graphics solutions has just completed the first quarter of 2016 fiscal year. Secondly, this event the company reported a few hours ago, while similar events, many manufacturers still held in early April.
NVIDIA's revenue for the period increased by 4% to $ 1.15 billion. If compared to the same period last year, and the value of profit rate reached record high - 56.7%. Compared with the fourth quarter, which ended in the calendar of the company in late January, revenue fell by 8% - this is quite natural, because in November and December accounted surge of buying activity. The rate of profit in the first quarter pulled expensive graphics accelerators and computing. Net income for the first quarter NVIDIA was $ 134 million., Which is 2% less than the result of the same period of the previous year.
If NVIDIA will not be able to sell the business for the production of modems Icera, the restructuring costs in the amount of $ 100 million To $ 125 million. Will be charged in the current fiscal year. As explained CFO NVIDIA, revenue growth in the first quarter was achieved predominantly gaming graphics cards and Tesla accelerators computing solutions based on Tegra for automotive infotainment systems.
Speaking about the individual segments, you can emphasize that direction GPU revenue NVIDIA in the first quarter increased by 5% to $ 940 million., And gaming solutions GeForce desktop and notebook brought a 14% increase in revenue compared to the first quarter last year. Developer notes and the high demand for generation of graphics solutions Maxwell. Providers of cloud services nice warmed demand for boosters computing Tesla. But Quadro professional graphics solutions have reduced revenues by 4% to $ 190 million. Compared with the previous year, although NVIDIA tends to blame mainly the weakness of European currencies.
Proceeds from sales of Tegra processors grew by 4% compared to the same period last year, a good demand not only the infotainment systems for cars, but also the family unit SHIELD. By the way, sales of Tegra processors confronted lower total revenue in sequential terms: if total revenue fell by 8% compared with the fourth quarter, at the direction of Tegra revenue increased by 29%. By the way, on the same transition proceeds from the sale of graphics processors was reduced to 12%. Solutions for the automotive market brought NVIDIA in the first quarter $ 77 million. - It is 121% more than the year before.
In the last quarter NVIDIA has received $ 66 million. In the form of royalties Intel. In the current quarter, the company hopes to develop a judicial confrontation with Samsung and Qualcomm, appreciating their perspectives. In the first quarter NVIDIA returned to shareholders about $ 99 million. In the form of dividends and payments for redeemed shares. In the current quarter dividend will be increased by 15%. In the second quarter, NVIDIA expects to gain $ 1.01 billion., And keep profit margins ranging from 55.7% to 56%.