Chipmaker Advanced Micro Devices has reported better-than-expected financial results for its first fiscal quarter, thanks in part to an increase in PC processor sales.
AMD reported $US902 million in revenue for the quarter to March 31, down 24 per cent from last year's first-quarter total of $1.19 billion, the company said in a statement.
The chipmaker reported a net loss of $9.16 million for the quarter, compared to a gain of $124.84 million in 2001.
Still, the company enjoyed a slight boost in PC processor sales, accounting for $684 million in revenue versus $661 million in 2001. AMD is Intel's chief rival in the PC processor market. Intel on Tuesday also reported strong sales of PC processors in its first quarter.
The company saw a large drop-off in sales of flash memory products, with sales coming in at $160 million, compared to $411 million in the same period of 2001.