Feeds

ATI posts strong Q2

But don't expect Q3 to be better, it warns

  • alert
  • submit to reddit

ATI's last night reported solid second quarter figures with big gains over the year-ago quarter and a small rise in income over the previous three-month. However, it warned investors not to expect sequential gains going forward.

Q2 2004 sales totalled $463.3m, down just 1.4 per cent on Q1's $469.7m, but up 47.8 per cent on the same period last year, when sales reached just $318.5m.

Those revenues yielded a Q2 net income of $47.6m (19 cents a share), up fractionally on the previous quarter's $47.4m (19 cents a share), and significantly better than the $8.3m (nine cents a share) ATI lost during Q2 2003.

Gross margins were down slightly sequentially, dropping from 35.9 per cent to 34.8 per cent. ATI's cash reserves increased $88.5m during the quarter to $468.5m.

Looking ahead, ATI said it expects sales to remain flat during Q3, falling between $440m and $480m. This would still yield a big jump over Q3 2003, and if ATI can keep revenues flat rather than down, it will have held its head high through one of the business' traditional weak spots.

The company is expected to release its next major chip, the R420, during Q3 and begin its shift toward the new PCI Express interface. ®

Related Stories

ATI 'drops pixel, vertex shader 3.0 support' from R420
ATI Q1 sales up 40%
Nvidia next-gen chip 'to launch 13 April'

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.