View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 24, 2009

AMD loss widens in first quarter

Attributes the loss to the decline in demand for its microprocessors as a result of the global economic downturn

By CBR Staff Writer

AMD has reported a net loss of $416m for the first quarter 2009, compared to a loss of $364m in the year-ago quarter, on revenue down 21% at $1.17 billion. The loss was attributed to the decline in demand for its microprocessors as a result of the global economic downturn.

It made an operating loss of $308m compared to a loss of $234m in the same period last year. The diluted net loss per share was $0.66 compared to a loss per share of $0.60 a year ago.

During the quarter the company completed a deal to form the US-headquartered semiconductor foundry, Globalfoundries, a $5 billion joint venture with Advanced Technology Investment Company and Mubadala Development Company of Abu Dhabi.

Dirk Meyer, president and chief executive at AMD, said: AMD’s sequential microprocessor unit and revenue growth in difficult economic conditions demonstrate we can grow in an environment where customers are looking for maximum value. We delivered on a number of important priorities in the first quarter. We launched Globalfoundries, maintained our cadence of new product and platform introductions, and made solid progress on our restructuring activities.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU