AAPL Stock: 117.81 ( -0.22 )

Printed from

Fusion chips help push AMD quarterly profits to $61m

updated 06:55 pm EDT, Thu July 21, 2011

Financial results exceed expectations

AMD has posted its second-quarter financial results, which point to a net income of $61 million from total revenues of $1.57 billion. The company appears to have returned to profitability, as the latest quarter compares to a net loss of $43 million for the same period last year, however overall revenue was down by 4.8 percent.

Despite the company's turnaround in profits, its graphics segment showed lackluster performance as revenue slid by 11 percent. The drop was blamed on lower shipments of discrete graphics components for mobile devices.

AMD CFO and interim CEO Thomas Seifert highlighted the company's Fusion chips as a strong seller, which the company expects to continue to gain market share. For the third quarter, the company expects its revenue to increase by approximately 10 percent.

The second-quarter results were paired with Seifert's comments, as the company still lacks a permanent CEO to fill Dirk Meyer's shoes after the former executive departed amid disagreements with the board of directors. The company has yet to name a potential candidate to fill the position, which has been empty for the better part of a year.

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented