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AMD finds some profits in Third Quarter results

AMD's Q3 results are good, they've made some profit

| Business, Financial & Legal News | Posted: Oct 28, 2011 2:22 am

After a bit of shaky ground and a not-so-great Bulldozer launch, AMD have posted their revenue results for the third quarter of 2011 of $1.69 billion. From that, AMD had a net income of $97 million, or $0.13 per share, and an operating income of $138 million. AMD reported non-GAAP net income of $110 million, or $0.15 per share, and non-GAAP operating income of $146 million.

 

TweakTown image news/2/1/21317_58_amd_finds_some_profits_in_third_quarter_results.jpg

 

AMD president and CEO, Rory Read says:

 

Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business. Despite supply constraints, we saw double digit revenue and unit shipment growth in emerging markets like China and India as well as overall notebook share gains in retail at mainstream price points. Through disciplined execution and continued innovation we will look to accelerate our growth and refine our focus on lower power, emerging markets, and the cloud.

 

Gross margin was 45-percent and surprisingly, more than 60-percent sequential increase in mobile Accelerated Processing Unit (APU) shipments drives record mobile microprocessor revenue and unit shipments. APU is good for AMD people, very good!

 

AMD have quite the quarterly summary if you'd like to check it out.

NEWS SOURCE
Amd.com

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