NVIDIA 2013 Annual Report Download - page 20

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• Launched GRID VCA - the industry’s first visual computing appliance that enables businesses to deploy cloud-
based, GPU-accelerated applications through any Windows, Linux or Mac client on their network
• Expanded penetration of trials of our NVIDIA GRID data center GPU platform to hundreds of enterprises worldwide
In our Tegra Processor business segment, we:
• Made our first shipments of Tegra 4 devices
• Started shipping SHIELD, NVIDIA’s first hand-held Android gaming device
• Launched our next generation mobile system-on-a-chip, Tegra K1, extending Kepler architecture across NVIDIA’s
entire line of processors
• Started shipping Tegra 3 and Tegra 4 to a major automotive manufacturer for its infotainment systems, smart
displays and digital cockpits. The same manufacturer will use Tegra K1 to power future piloted-driving initiatives
With our intellectual property, or IP, and licensing, we:
• Initiated an IP licensing initiative designed to bring GPU technology to new markets and generate revenue from
markets previously inaccessible to NVIDIA
• Grew patent assets to approximately 7,000
The strategy of adding value through a focus on visual computing drove financial results:
• Increased gross margins to a record 55%, up from 52% in fiscal year 2013 and 35% five years ago
• Grew GPU business revenue 7% against a PC industry that declined 10%*
• Grew HPC revenue 37%
• Returned $1.07 billion to stockholders through stock repurchases and quarterly dividends
• Completed a $1.5 billion convertible note offering, with net proceeds expected to be used for stock repurchases,
quarterly dividends and general corporate purposes
In summary, our one year total stock price appreciation measured as of the end of our fiscal year 2014 was 25.4%.
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* GPU excludes MCP chipset revenues
Corporate Governance Highlights
Our Board of Directors is committed to strong corporate governance, which is used to promote the long-term interest
of NVIDIA and our stockholders. Regular stockholder outreach is important to us. In fiscal year 2014, our management
met with several large stockholders to gain valuable insights into the governance and executive compensation issues they
most care about.
During fiscal year 2014, the Board appointed Dawn Hudson as a director. Ms. Hudson brings to the Board experience
in executive leadership. As a longtime marketing executive, she has valuable expertise and insights in leveraging brands,
brand development and consumer behavior. She also has considerable corporate governance experience, gained from more
than ten years of serving on the boards of public companies.
As of the 2014 Annual Meeting, our Board will be fully declassified and each director will be elected for a one-year
term.