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Financial results roundup: AMD, Intel, Google and more

Dominic Sacco
Financial results roundup: AMD, Intel, Google and more

PCR looks at the latest financial goings on in the PC/tech industry this week, including results from AMD and Intel.

AMD 

The chip maker posted a net loss of $36 million for the second quarter of 2014 and operating income of $63 million. Revenue increased three per cent sequentially and 24 per cent year-on-year to $1.44 billion.

Total debt at the end of the quarter was $2.21 billion, an increase from $2.14 billion at the end of Q1 2014.

Rory Read, AMD president and CEO, said: "Our transformation strategy is on track and we expect to deliver full year non-GAAP profitability and year-over-year revenue growth. We continue to strengthen our business model and shape AMD into a more agile company offering differentiated solutions for a diverse set of markets."

Intel

Intel Corporation today reported second quarter revenue of $13.8 billion, up $1 billion year-on-year. Net income rose to $2.8 million, up from $2 billion generated during the same period in 2013.

PC Client Group revenue of $8.7 billion was up six per cent year-on-year, while Mobile and Communications Group revenue of $51 million represented an 83 per cent drop year-on-year.

"Our second-quarter results showed the strength of our strategy to extend the reach of Intel technology from the data center to PCs to the Internet of Things," said Intel CEO Brian Krzanich. "With the ramp of our Baytrail SoC family, we have expanded into new segments such as Chrome-based systems, and we are on track to meet our 40 million unit tablet goal. In addition, we hit an important qualification milestone for our upcoming 14nm {C}Broadwell product, and expect the first systems to be on shelves during the holidays."

Google

Google Q2 2014 revenues rose 22 per cent year-on-year to just under $16 billion, up from the same period last year when it generated $13.1 billion during the quarter. 

Net income rose from $3.2 billion to $3.4 billion year-on-year.

Patrick Pichette, CFO of Google, said: "We are moving forward with great product momentum and are excited to continue providing amazing user experiences, with a view to the long term."

IBM

IBM's Q2 earnings showed that net income rose 28 per cent during the period to $4.1 billion. Revenue meanwhile dipped two per cent to $24.4 billion.

Cloud revenue grew more than 50 per cent year-to-date.

“In the second quarter, we made further progress on our transformation. We performed well in our strategic imperatives around cloud, big data and analytics, security and mobile,” said Ginni Rometty, IBM chairman, president and CEO. “We will continue to extend and leverage our unique strengths to address the emerging trends in enterprise IT and transform our business, positioning ourselves for growth over the long term.”

SanDisk

Flash storage specialist SanDisk announced record second quarter revenue of $1.63 billion, up 11 per cent year-on-year basis, while net income reached $274 million, up from $262 generated during the same period last year.

“We are pleased to deliver record second quarter revenue in both enterprise and client SSDs, as well as retail products,” said Sanjay Mehrotra, president and CEO of SanDisk.

“SSD solutions comprised 29 per cent of our second quarter revenue, compared to 16 per cent in the year ago quarter, demonstrating strong progress in driving our strategic priorities. Our results position us well to deliver another record year in 2014.”

 

Image source: Shutterstock

 

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Tags: Intel, AMD, Financials, Google, results, ibm, news, sandisk, financial results, financial, roundup, Financial Report, July 2014

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