NVIDIA Corporation announced that it is unleashing the full graphics potential of enterprise desktop virtualization with the availability of NVIDIA GRID(TM) vGPU(TM) integrated into Citrix XenDesktop 7. NVIDIA GRID vGPU technology addresses a challenge that has grown in recent years with the rise of employees using their own notebooks and portable devices for work. These workers have increasingly relied on desktop virtualization technologies for anytime access to computing resources, but until now this was generally used for the more standard enterprise applications. Performance and compatibility constraints had made it difficult for applications such as building information management (BIM), product-lifecycle management (PLM) and video-photo editing. With the introduction of new HDX GPU sharing and deep compression techniques in XenDesktop 7, NVIDIA and Citrix customers can immediately take advantage of the hosted-shared form of desktop virtualization to deliver rich, graphics-intensive applications. Using the Microsoft Windows Server RDSH and XenDesktop 7 platform can enable the sharing of GPUs across multiple user sessions. Furthermore, the combination of Citrix XenServer and NVIDIA GRID vGPU technology allows customers to efficiently share GPUs across multiple virtual machines. This allows businesses to address a broader set of users with their desktop virtualization infrastructure across a spectrum of verticals, including: Architects, engineers and contractors using computer-aided design (CAD) tools, like Autodesk BIM. Manufacturing businesses that want to automate the connection between product design and operations using PLM tools, like Enovia 3DLive, PTC Windchill PLM Connector and SIEMENS Teamcenter software. Digital-content creation workers using video and photo editing tools, like Adobe(R) Photoshop(R) software. Health-care specialists using picture archiving and communication system (PACS) applications, like GE Centricity EMR.

NVIDIA provided capex guidance for 2013. The company said it would spend $1.6 billion, non-GAAP this year.

NVIDIA Corporation reported unaudited consolidated earnings results for the first quarter, ended April 28, 2013. For the quarter, revenues were $954,739,000 against $924,877,000 in the same period a year ago. Operating income was $82,781,000 against $72,826,000 in the same period a year ago. Income before income tax expense was $88,062,000 against $77,095,000 in the same period a year ago. Net income was $77,891,000 or $0.13 per basic and diluted share against $60,437,000 or $0.10 per basic and diluted share in the same period a year ago. Non-GAAP net income was $1,138,014,000 or $0.18 per diluted share against $97,530,000 or $0.16 per diluted share in the same period a year ago. GAAP net cash flow provided by operating activities was $175,650,000 against net cash used in operating activities of $9,208,000 in the same period a year ago. Purchase of property and equipment and intangible assets was $65,667,000 against $28,293,000 in the same period a year ago. Free cash flow was $109,983,000 against a negative free cash flow of $38,131,000 in the same period a year ago. The company provided earnings guidance for the second quarter of fiscal 2014. The company expects revenue to be $975 million, plus or minus 2%. GAAP and non-GAAP gross margins are expected to be approximately flat relative to the prior quarter, at 54.3% and 54.6%, respectively. GAAP and non-GAAP tax rates are both expected to be 16% plus or minus 1%. Depreciation and amortization is to be approximately $61 million to $63 million. Capital expenditures are expected to be in the range of $65 million to $75 million. Diluted shares for the second quarter are expected to be approximately 590 million.