SANTA CLARA (dpa-AFX) – Strong growth in technology for data centers is helping the chip company Nvidia to offset declines in its traditional graphics card business. In the past quarter, sales therefore fell less than analysts expected, and the share temporarily rose by three percent in after-hours trading.
However, the declines were still significant. Revenue fell 17 percent year-on-year to $5.93 billion in the third fiscal quarter ended October. Profits fell by 72 percent to 680 million dollars (654.3 million euros).
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