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Subject:  NVDA: NVIDIA 4Q Earnings Call Transcript Date:  2/14/2008  11:25 AM
Author:  FreethinkerKW Number:  13 of 25

Jen-Hsun Huang

Thanks, Mike. Good afternoon and thank you for joining us. We are pleased to report another record quarter and fiscal 2008 was another record year. We had many achievements this past year.

Q4 revenue grew 37% year over year to a record $1.2 billion. Annual revenue increased 34% year over year to a record $4.1 billion. Annual net income increased 78% year over year to a record $797.6 million. Annual gross margin reached a new high of 45.6%, an increase of 320 basis points from a year ago.

We launched a record number of industry-defining products and initiatives this year -- GeForce 8800 family, including the highly acclaimed 8800GT. We’ve sold over 2 million 8800GTs in just four months of production and demand continues to exceed our forecast.

GeForce 7000 -- the first motherboard GeForce for Intel systems. Together with the CPU, the GeForce 7000 enables the first two-chip Intel processor PC.

CUDA -- the industry’s first parallel programming environment that puts the massively parallel processing capability of a GPU in the hands of all programmers. C