Nvidia ended its first quarter of fiscal 2022 on a high note, posting revenues of $5.66 billion in the run-up to a pending four-for-one stock split.

“We had a fantastic quarter with strong demand for our products driving record revenue,” CEO Jensen Huang said.

Gaming and data center revenues once again proved to be the company’s strongest growth areas during the quarter.

Data center revenues grew nearly 80% year-over-year to $2 billion, driven in large part by hyperscale and cloud demand, CFO Colette Kress said on the earnings call.

“Customers have deployed Nvidia’s A100 and DGX platform to train deep neural networks with rising computational intensity led by two of the fastest growing areas of AI: natural language understanding and deep recommendators,” she said.

Gaming, Nvidia’s longtime bread and butter, continued to be the company’s primary revenue driver in Q1. Gaming revenues topped $2.76 billion, up 106% year over year.

“This is the third consecutive quarter of accelerating year-on-year growth, beginning with the fall launch of our GeForce RTX 30-series GPUs,” Kress said. “Based on the Ampere GPU architecture, the 30 series has been our most successful launch ever, driving incredible demand and setting records for both desktop and laptop GPU sales.”

During the call, Kress assured investors the company’s proposed $40 billion acquisition of British chip designer Arm Holdings was on track.

The deal has been subject to intense scrutiny and growing concern from competing chipmakers in recent months.

“On our Arm acquisition, we are making steady progress in working with the regulators across key regions,” she said. “We remain on track to close the transaction within our original timeframe of early 2022.”

From the get-go, Nvidia has been clear it intends to preserve Arm’s customer neutrality, and the company itself would remain headquartered in Cambridge, England.

Despite Nvidia’s assurances, some analysts remain skeptical the chip giant will be able to assuage British and Chinese regulators, which have expressed competitive and national security concerns.

“It’s little surprise that progress toward completion has been slow, complicated by regulatory review and antitrust concerns,” CCS Insight CEO Geoff Blaber wrote in a recent blog post. “Nvidia stated at the start that it would be an 18-month process, but the slow progress so far means that if the acquisition is to close at all, it could drag on for much longer. The outcome remains a coin toss.”

Building on strong a Q1, Nvidia expects to grow revenues to $6.3 billion in the second quarter of fiscal 2022.

The chipmaker also anticipates its new cryptocurrency mining GPUs — Nvidia calls these CMPs — will generate an additional $400 million in revenue during the next quarter. It also expects that effort to free up the supply of gaming-focused GPUs, which have seen their market prices quadruple in recent months due in part to the cryptocurrency boom.

“Aside from CMP, the sequential revenue increase in our Q2 outlook is driven largely by data center and gaming,” Kress said.

As for the four-for-one stock split, that decision will be made during the company’s annual stockholder meeting on June 3.