Nvidia will slow down its hiring pace and control expenses as the company deals with a challenging macroeconomic environment. Revenue for the March quarter came in at $8.29bn on EPS of $1.36.
Forecast revenue for the June quarter is expected to be $8.1 billion.
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The company’s operating expenses increased 35% year-over-year. On the positive side, demand for its graphics processors used for gaming and artificial intelligence helped support sales growth of 46% year-over-year. Nvidia’s data center business, which sells chips for cloud computing companies and enterprises, grew 83% annually to $3.75 billion.
Nvidia said its board has authorized an additional $15 billion in share buybacks through the end of next year.
