Nvidia has recently reported its financial results for the fourth quarter of fiscal 2004 and the fiscal year ended January 25. The California-based technology company enjoyed a strong fourth quarter but has still reported annual results that are down from those of fiscal 2003.

　　In the fourth quarter of fiscal 2004, Nvidia's revenue was $472.1 million, up from $469 million for the same period 12 months earlier. The net income for the fourth quarter, however, was $24.2 million, compared with $50.9 million for the fourth quarter of fiscal 2003.

　　Revenue for the fiscal year ended January 25, 2004, was $1.82 billion, with a net income of $74.4 million. Those figures are down from $1.91 billion and $90.8 million respectively for the fiscal year ended January 26, 2003.

　　"Our goals this year are to extend our GPU and MCP leadership, drive gross margin improvements, and bring innovative products and strategies that make a significant impact within each of the segments we serve," said Jen-Hsun Huang, president and CEO of Nvidia. "The products we now build span the computing, consumer electronics, and handheld segments. All of these segments are being transformed by digital media and networking. We believe the GPU and MCP are the engines that will power computing and consumer electronics in the 'networked digital entertainment' era."