英伟达NVIDIA (NVDA) 2010年年度报告「NASDAQ」.pdf

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1、NVIDIA CORPORATION 2010NVIDIA CORPORATION2010LETTER TO STOCKHOLDERSNotice of 2010 Annual Meeting Proxy Statement and Annual Report on Form 10-K01LETTER TO OUR STOCKHOLDERS It would be an understatement to characterize fiscal 2010 as challenging.The global recession dramatically impacted sales and pu

2、shed us into the red for the years first two quarters.We responded quickly.We cut spending,postponed lower-priority investments and resized for a prolonged downturn.Our employees supported pay cuts,enabling us to avoid further layoffs.And senior leaders cut their cash pay nearly by half.Such sacrifi

3、ces enabled us to sustain investments in the projects we believe in.By mid-year,we were back on track.And by the fourth quarter,revenue recovered to$983 million,more than double that of a year earlier,with a profit of$131 million.For the full year,revenue declined 3 percent to$3.33 billion,with a lo

4、ss of$68 million.Despite the years difficulties,we did some of our best work ever,extending our role as the world leader in visual-computing technologies.We expect strong,profitable growth as we look ahead to fiscal 2011.GPU REVOLUTION SHIFTS INTO HIGH GEARA LETTER TO OUR STOCKHOLDERS Jen-Hsun Huang

5、 President,CEO and Co-FounderGenerating photorealistic worlds in real-time has been one of our ongoing pursuits.For certain applications such as custom-configuring cars and home furnishings anything short of photorealistic representation is inadequate.That goal has eluded us,until now.This year,we i

6、ntroduced the worlds first real-time ray tracing solution on our GPUs,which does in seconds what previously took hours for PC servers to accomplish.Ray tracing generates computer images based on simulating the actual physical properties of light.By replicating how light reflects,refracts or becomes