AMD has reported healthy results for the first quarter of the year, with revenue of $1.57 billion.
The chip maker earned $247 million net income – a huge improvement on Q1 2009’s loss of $416 million.
The results represent AMD’s second consecutive profitable quarter, after Q4 saw the firm return to profit for the first time in three years.
AMD President and CEO Dirk Meyer attributed the results to “strong product offerings and solid operating performance”.
“We continue to strengthen our product offerings. We launched our latest generation of server platforms, expanded our family of DirectX 11-compatible graphics offerings, and commenced shipments of our next-generation notebook platforms to customers,” he said.
Q1’s performance is the first time AMD has not included financials from its manufacturing arm, which in 2009 was spun off into GlobalFoundries.
AMD rival Intel last week reported record first quarter results.
Advertisement
Related Stories
- AMD launches 2nd-gen A-Series APU May 15th 2012 at 11:27AM
- AMD Catalyst 12.4 drivers released Apr 26th 2012 at 12:25AM
- AMD Catalyst 12.3 drivers released Mar 28th 2012 at 8:41PM
- Has Sony chosen AMD for the PlayStation 4? Mar 1st 2012 at 1:15AM
- AMD adds two new FX-series CPUs Feb 28th 2012 at 6:54AM
- The Hut Group sees 70 per cent growth Feb 10th 2012 at 4:49PM
- AMD sets out future strategy - it's all about the mainstream Feb 3rd 2012 at 7:32AM
- AMD's Trinity to compete with Intel's ultrabooks Jan 17th 2012 at 6:27AM
- AMD Radeon 7970 goes on sale Jan 10th 2012 at 5:38AM
- World's largest OEM notebook maker sues AMD over hot chips Jan 6th 2012 at 6:07AM
