Nvidia reported revenue of $1.04 billion for the second quarter, crediting investments in mobile and visual computing as key factors in takings.

The computer graphics company revealed increased use of its Tegra product, a system on a chip (SoC) series developed for mobile devices such as smartphones and internet devices.

The second quarter reports follows Google’s announcement that Tegra 3 powers its Nexus 7 tablet, which is the first device to run Jelly Bean, the latest version of Android.

Microsoft also announced that Tegra is the processor powering the company's Surface for Windows RT tablet, which the company believe helped drive sales.

"Our investments in mobile computing and visual computing are both paying off," said Jen-Hsun Huang, president and chief executive officer of Nvidia.

"Tegra has achieved record sales as tablets come into their own. Looking ahead, we're optimistic, as our investments position us right at the centre of the fastest growing segments of computing."

Nvidia’s third quarter outlook predicts revenue to be between $1.15bn and $1.25bn.