Nvidia Corp reports 54.6 percent rise in quarterly profit

(Reuters) – Nvidia Corp reported a 54.6 percent rise in quarterly profit, driven by strong demand for its graphics chips used in gaming devices, data centers, autonomous vehicles and also by cryptocurrency miners.

A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake – RC1C8FF654B0

Net income rose to $838 million, or $1.33 per share, in the third quarter ended Oct. 29, from $542 million, or 83 cents per share, a year earlier.

Revenue rose to $2.64 billion from $2 billion.

Reporting by Laharee Chatterjee in Bengaluru; Editing by Shounak Dasgupta

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