Feeds

ATI nudges toward profitability

Adjusted income - unadjusted loss

  • alert
  • submit to reddit

Security and trust: The backbone of doing business over the internet

ATI today said it made $2.2 million (one cent a share) in the three months to 31 August, the company's final quarter of its 2001 fiscal year.

The quarter's revenues came in at $229.1 million, a 6.7 per cent fall on the same period last year. However, gross margins rose 5.5 per cent to 29.6 per cent and operating expenses fell 2.7 per cent to $88.3 million, allowing the company to record its small but welcome profit.

Take into account one-off items, though, and that income disappears, replaced by an unadjusted $11.6 million loss (five cents a share)

For the full year, ATI saw its revenues fall 19.1 per cent to $1.04 billion. The adjusted net loss for the year was $16.3 million (seven cents a share) - the unadjusted net loss was $54.2 million (23 cents a share).

ATI blamed the decline in sales on the slowdown in the PC market, but believes it's now in a better position that it once was to capitalise on any revival in that arena and others. "We have successfully refocused the business [and] changed our strategy to partner with third-party board makers," said ATI's president and COO, David Orton. "Our growth will be driven by an expanding footprint in the PC market through increased desktop and workstation market share, the introduction of new technology in the integrated market as well as our participation in the consumer game console space with Nintendo's GameCube."

Not that it expects this recovery to happen any time soon, it seems. While the events of 11 September had no effect on Q4 2001 or the full fiscal year, they have still persuaded ATI that it's not a good idea to issue guidance for the current or future quarters.

It had previously predicted a slight upturn in sales and income for Q1 2002 over Q4 2001, but it today withdrew those forecasts and others it made for fiscal 2002 as a whole. ®

New hybrid storage solutions

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.