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Technology / AI and automation

AMD revenue drops 18% in Q2

Processor maker AMD has reported $1.16bn in revenues for the second quarter of 2011, an 18% decrease compared to the corresponding quarter last year.

During the quarter the company reported a loss of $74m, or 10 cents a share, compared with a profit of $37m, or 5 cents, a share it recorded during a year earlier quarter.

AMD president and CEO Rory Read said the company’s focus on restructuring and transforming resulted in improved financial results.

"Our performance in the second quarter was driven by opportunities in our new high-growth and traditional PC businesses," Read added.

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"Looking ahead, we will continue to deliver a strong value proposition to our established customers and also reach new customers as we diversify our business.

"We expect significant revenue growth and a return to profitability in the third quarter."

Graphics and Visual Solutions segment revenue of the company were reported to decline by 5% compared to the first quarter of 2013, while the revenue decreased 13% against same period last year.

The Graphics and Visual Solutions segment include graphic processing units (GPUs), including professional graphics, as well as revenue from semi-custom products and development and game console royalties.

AMD expects a 22% increase in revenue for the third quarter of this year.
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CBR Staff Writer

CBR Online legacy content.