AMD’s second quarter earnings down 39 per cent
- 23 July, 2012 14:38
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.
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