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AMD makes $32 million profit in second quarter

Memory, Opterons the case
Wed Jul 14 2004, 22:44
CHIP FIRM AMD said it made a profit in its second quarter with revenues of $1.262 billion and net profits of $32 million.

The Sunnyvale based firm attributed the profits in the quarter to sales of both memory chips and CPUs.

It made a loss of over $140 million in the same quarter last year on sales of $645 million, so that's nearly double the sales.

Flash sales showed the strongest growth in its financial Q2 at $673 million, although sales of CPUs also bounced up to $554 million, compared to $406 million in the previous year.

AMD said that sales of Opterons formed the lion's share of the CPU business, with demand pushed by enterprises and tier one vendors demanding the chips.

Its margin for the second quarter was only 38%. The company is still clawing back some debts. µ

 

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