Feeds

As promised, AMD posts disappointing financial results

And don't get your hopes up for next quarter, either

Secure remote control for conventional and virtual desktops

AMD has released its financial results for its second quarter 2012, and as they had warned earlier this month, revenues dipped by 11 per cent from the previous quarter, hitting $1.41bn.

"Overall weakness in the global economy, softer consumer spending and lower channel demand for our desktop processors in China and Europe made the closing weeks of the quarter challenging," said AMD president and CEO Rory Read when announcing the numbers.

The disappointing results don't merely reflect a quarter-to-quarter decline. Revenues were also down by 10 per cent when compared to the second quarter of 2011, which saw revenues of $1.57bn.

Net income for the just-completed quarter stood at $37m, resulting in a earnings per share of a mere 5¢. That also compares unfavorably with the same quarter of last year, which saw net income of $61m and an EPS of 8¢.

Undaunted – well, that's what he's paid to be – Read put a favorable spin on AMD's prospects. "We remain optimistic about our core businesses as well as future opportunities with our competitively differentiated next-generation Accelerated Processor Units (APUs)," he said. "Our recently launched Trinity APU continues to gain traction with customers."

Don't expect things to turn around for Intel's li'l competitor. As Read warned, "We expect headwinds will continue in the third quarter." ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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?
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.