The improved results were due to greater demand for its core product – graphics chips.
The chip maker reported fourth-quarter net income of US$1.12bn, or US$1.78 a share, compared with US$655mln, or 99 US cents a share, a year ago.
Adjusted earnings stood at US$1.72 a share, coming in above market expectations for US$1.16 a share.
During the quarter, revenue rose to US$2.91bn from US$2.17bn from last year, against Wall Street’s consensus of US$2.68bn.
Gaming revenue rose 29% to US$1.74bn against market expectations for a 14% growth to US$1.54bn, year on year.
Data-center revenue surged by 105% to US$606mln, soundly beating market expectations for an 85% growth to US$548.1mln.
The only laggard was in the automotive business which saw a growth of less than 15% for the full year.
Chief Financial Officer Colette Kress said on Thursday: “The sequential decline reflects our transition from infotainment, which is becoming commoditized, to next-generation AI cockpit systems and complete top-to-bottom self-driving-vehicle platforms built on Nvidia hardware and software,” Kress said.
The Xavier processor, a chip with 9 billion transistors that Nvidia calls the most complex system-on-a-chip ever created, is expected to eventually drive its automotive business.
Nvidia Chief Executive Jensen Huang added that he believes the really big revenue from automotive will begin in about 2019 to 2020, when auto makers, startups, taxi companies, ride-hailing companies and others begin to order self-driving capabilities in their vehicles and fleets.
Huang said the brains for self-driving cars will sell for an average of about US$500 to US$1,000, while those for autonomous ride-hailing vehicles, will command several thousand dollars each.
In premarket trade, its shares were up 9.65% at US$238.50.