Feeds

AMD delivers on promise of Q2 disappointment

Server up, desktop down

Build a business case: developing custom apps

AMD did everything it promised during the second quarter. The company underwhelmed investors, while posting healthier results than rival Intel.

AMD reported revenue of $1.22bn and a profit of $89m for the second quarter. Those figures compare to revenue of $797m and a profit of $11m in the same period last year, excluding the memory business that AMD has spun-off as Spansion.

On the one hand, the results reflect AMD's tremendous year-on-year growth. The company, however disappointed investors by not beating out the results from its first quarter. AMD warned earlier this month that the second quarter numbers would likely come in 9 per cent below the first quarter revenue of $1.33bn. True to forecast, AMD's Q2 revenue rolled in 8.7 per cent below the Q1 mark.

Still, AMD's year-over-year growth proved more impressive than Intel's 60 per cent profit slide reported yesterday.

Both companies are locked in a fierce price-war on the desktop and server processor fronts. AMD hopes to keep the momentum around its processors, while Intel is betting that a new line of processors will blunt AMD's prospects.

"While we achieved 53 per cent year-over-year sales growth and recorded our twelfth consecutive quarter of greater than 20 per cent year-over-year microprocessor sales growth, we are dissatisfied by not reaching our second quarter sales target," said AMD's CFO Robert Rivet.

Sales of the Opteron chip rose 26 per cent when compared to the first quarter, but AMD was hurt by slower than expected desktop processor sales. Overall, AMD's processor shipments dipped 4 per cent from the first quarter.

Investors hammered AMD shares in the after-hours markets. AMD dropped more than 6 per cent to $20.30 per share at the time of this report. The company once enjoyed a 52-week high of $42.70. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Premier League wants to PURGE ALL FOOTIE GIFs from social media
Not paying Murdoch? You're gonna get a right LEGALLING - thanks to automated software
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Ballmer quits Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Online tat bazaar eBay coughs to YET ANOTHER outage
Web-based flea market struck dumb by size and scale of fail
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.