Nvidia Q1 Financials Mostly Positive, Icera Issue May Cast Pall

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none12345

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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!
 

mctylr

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"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

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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.
 
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