Nvidia Corporation (NVDA) has reported 143.75 percent jump in profit for the quarter ended Apr. 30, 2017. The company has earned $507 million, or $0.79 a share in the quarter, compared with $208 million, or $0.35 a share for the same period last year. On the other hand, adjusted net income for the quarter stood at $533 million, or $0.85 a share compared with $263 million or $0.46 a share, a year ago. 

Revenue during the quarter surged 48.43 percent to $1,937 million from $1,305 million in the previous year period. Gross margin for the quarter expanded 182 basis points over the previous year period to 59.37 percent. Total expenses were 71.40 percent of quarterly revenues, down from 81.23 percent for the same period last year. This has led to an improvement of 983 basis points in operating margin to 28.60 percent.

Operating income for the quarter was $554 million, compared with $245 million in the previous year period.

However, the adjusted operating income for the quarter stood at $637 million compared to $322 million in the prior year period. At the same time, adjusted operating margin improved 821 basis points in the quarter to 32.89 percent from 24.67 percent in the last year period.

"The AI revolution is moving fast and continuing to accelerate," said Jensen Huang, founder and chief executive officer of NVIDIA. “NVIDIA’s GPU deep learning platform is the instrument of choice for researchers, internet giants and startups as they invent the future.