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AMD posts disappointing Q1 financial results
CHIP DESIGNER AMD has released its financial results for the first quarter of 2011, with somewhat disappointing figures.
The company brought in $1.61 billion in revenue, a two per cent increase on the same period last year, but this was also a two per cent decrease from the previous quarter.
Operating income was $54 million, a big drop from the $182 million it brought in during Q1 2010 and $413 million in the last quarter.
Despite this, net income was up from $257 million last year to $510 million. This was also a significant increase from the fourth quarter of 2010, when the company earned $375 million.
Earnings per share were also up, having nearly doubled over the last year. In the first quarter of 2010 earnings per share were $0.35, increasing to $0.50 by the fourth quarter and now $0.68 for the first quarter of this year.
The company's CFO and interim CEO, Thomas Seifert said that its results highlight strong demand for its Fusion APU range, with shipments exceeding AMD's expectations. The APU market will continue to be a major focus for the company as it pushes its Llano range.
AMD shares lost $0.01 today, a fall of 0.11 per cent. Its stock is valued at $8.70 at the time of writing. µ
Tags: Amd
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AMD made money. They made more than last quarter and more than last year. They did it by selling great ATI discrete GPU"s and largely on the strength of Ontario and Bobcat: the LOW POWER fusion cores. Oh yeah and last generation cpu's, hmmmm.
So in July what should we see? Llano launched and in full swing, Bobcat and Ontario setting sales records in netbooks and Bulldozer shipping to OEM's.
Win 7 will driving new hardware so look for Llano and Bulldozer to gain market share against INtel and that is a huge win. Don't forget this: AMD is about 4% of INTEL market cap yet has about 20% of market share. That IS impressive. Any gain in market share is a win.
Anytime AMD is in the Black is a good quarter.
Now wouldn't be a good time to measure success with Bulldozer and Radeon 7000 series right around the corner. Fusion is just getting its legs.
I predict better quarters ahead.
Crisis in Europe, US economy deteriorated, and even so AMD managed to make some money. And the best is going to come. So... why dissapointing?