Feeds

AMD loss narrows on sales rise

Slow road to recovery

  • alert
  • submit to reddit

AMD's first quarter of its current fiscal year yielded sales of $715 million, down 21 per cent on the year-ago quarter and up four per cent on Q4 2002's $686 million.

First quarter 2003 sales were enough to reduce but not eliminate the company's losing streak. AMD lost $146 million during the quarter, rather less than the $855 million loss it posted for Q4 2002 (operationally, it lost $235 million during Q4). But during Q1 2002, it lost just $9 million on sales of $902 million.

PC processor sales were 11 per cent up on the previous quarter, from $420 million to $468 million - good, but nothing like the 60 per cent increase it experienced between Q4 and Q3 2002. Flash sales were up fractionally to $218 million from last quarter's $217 million.

AMD "believes" it increased it market share in both these sectors, the company said, but offered no data to back up this claim. Whatever, it does appear to be on a slow path to recovery, though it has some way to go yet to return to where it was only a year ago.

Looking ahead, the company reckons Q2 2003 will show further increases in Flash and processor sales, but don't expect the growth to be big. Q2 is traditionally a weak one for AMD, but it hopes a better product mix, better inventory management and further cost reductions will compensate for flat or fractional sales growth. ®

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.