Feeds

As promised, AMD posts disappointing financial results

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

Build a business case: developing custom apps

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." ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.