3Dfx Posts Profit...

3Dfx Interactive released their fourth quarter earnings for 1998. Revenues were up to $60,743,000 this quarter, almost a $38 million increase from the same quarter in 1997. 3Dfx recorded a net income of $2,091,000 as compared to a net income of $2,072,000 in Q4 97. The dramatic difference however, was the manner in which 3Dfx closed off 1998: a net gain of $21,703,000 for 1998 as compared to a net loss of $1,714,000 in 1997.

3Dfx may have a tough Q1 99 as Voodoo 2 and Banshee sales start to significantly slow down, however the impending release of the Voodoo 3 line of video cards as well as their new partnership with STB should yield a profitable Q2 99.