Wave Issue 9038 4/8/99 Article 11-01

***NVIDIA Reports Record Revenue and Profit
(February 23)

NVIDIA reported record revenue and profit for its fourth quarter
of fiscal 1999 and for the fiscal year ended January 31, 1999.

Revenue for the fiscal fourth quarter ended January 31, 1999 was
$65.5 million, an increase of 178 percent compared to revenue of
$23.5 million for the fourth quarter ended December 31, 1997. Net
income for the fiscal fourth quarter was $7.7 million, compared
to $1.4 million for the fourth quarter of 1997. Diluted net
income per share for the fiscal fourth quarter ended January 31,
1999 was $0.27, compared to $0.06 for the fourth quarter ended
December 31, 1997.

Revenue for the fiscal year ended January 31, 1999 was $158.2
million, an increase of 444 percent compared to revenue of $29.1
million for the year ended December 31, 1997. Net income for the
year ended January 31, 1999 was $4.1 million, compared to a net
loss of $(3.6) million for the previous fiscal year. Diluted net
income per share for the fiscal year ended January 31, 1999 was
$0.15, compared to a diluted net loss per share of $(0.28) for
the year ended December 31, 1997.

Financial comparisons reflect that effective February 1, 1998,
the Company changed its fiscal year end to a 52- or 53-week year
ending on the last Sunday in January. The Company elected not to
restate its previous reporting periods ending December 31.

In January 1999 NVIDIA completed an initial public offering of
3.5 million shares, raising $39 million for general corporate
purposes including working capital. In February 1999 the Company
received an additional $5.9 million when its underwriters in the
initial public offering exercised an option to sell an additional
525,000 shares. At January 31, 1999 the Company had cash and
short-term investments of $50.3 million and total assets of
$113.3 million. Total debt of $8.4 million consisted of a $5.0
million line of credit and $3.4 million in short and long-term
capital lease obligations.

NVIDIA Corporation designs, markets and sells a family of 3D
processors that deliver industry-leading performance and visual
quality for a broad range of PC applications, including:
enterprise visualization, e-commerce, e-business, entertainment
and education.

www.nvidia.com