AMD’s second quarter earnings down 39 per cent

AMD’s second quarter net income fell 39 per cent to $US37m from last year on the back of softer consumer spending, a weak global economy and lower channel demand for its desktop processors in China and Europe, the company has said.

The California-based chipmaker’s revenue was down 10 per cent to $US1.41bn from about $US1.57bn in the year-ago quarter. It warns revenue could decrease one per cent to plus or minus 3 per cent, sequentially for the third quarter of 2012, the company said in a statement.

“We are taking definitive steps to improve our performance and correct the issues within our control as we expect headwinds will continue in the third quarter as the industry sets a new baseline,” Rory Read, AMD president and CEO, said in a statement.

Read added that he is optimistic about its core businesses and future opportunities with its next-generation accelerated processor units (APUs).

“Our recently launched Trinity APU continues to gain traction with customers,” he added. In the last quarter, AMD struck a strategic technology partnership with ARM to help it drive further adoption of an open, end-to-end security ecosystem based on a mobile security ecosystem.

It is also bringing to market a full line of mobile discrete graphics based on its company’s GCN architecture, which includes the AMD Radeon HD 7900M, HD 7800M, and HD 7700M Series GPUs.

Register now for the ARN Security Forum 2013 on June 4 at the Sydney Mint

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