Nvidia Q1 Financials Mostly Positive, Icera Issue May Cast Pall

[Guest]

The first quarter of fiscal year 2016 for Nvidia has been mostly bright, and the company is excited for the growth opportunities still to come.

Nvidia Q1 Financials Mostly Positive, Icera Issue May Cast Pall : Read more

 

[none12345]

Wow financials for Q1 2016 eh? Thats amazing that they can see 1 year into the future! Or are cooking the books!

Or you guys made a typo, probably that one!

 

[RooD]

Pretty sure fiscal year is 1 year ahead of the actual date year

 

[mctylr]

"Fiscal year" is accounting term which companies use to delimit their financial accounting. For various, mostly boring reasons many companies do not use a fiscal year that follows the (Gregorian) calendar year, that is January 1st to December 31st.

My employer uses one that runs from April 1st year N to March 31st year n + 1. So for us, the current fiscal year is 2015-16, running from 1st April 2015, to 31 March 2016.

I suspect that the Nvidia uses the shorthand of listing only the year when the fiscal year ends (e.g. 2016 for my previously mentioned 1st April 2015, to 31 March 2016) .

That said, yes there is some needless confusion arising from omitting the distinction of fiscal year from calendar year in a non-finance publication like Tom's.

 

[kcarbotte]

That said, yes there is some needless confusion arising from omitting the distinction of fiscal year from calendar year in a non-finance publication like Tom's.

I started off the artical by mentioning that "Nvidia's fiscal Q1 ended" in April.
I apologize that it seemed misleading. It felt redundant to keep repeating it.

Nvidia's fiscal year starts on January 26th, and therefore it seems they are reporting a year in advance.