14 DAY TRIAL // Like most other companies on the IT market, Advanced Micro Devices recently published its financial results for the past quarter, and it seems that the Sunnyvale, California-based company got mixed results.
Over the past three months, Advanced Micro Devices has had to deal with the same uncertain economic conditions that all other IT players have had to face.
The overall results showed an increase in sales compared to the same period of 2009, but did not manage to reach the same level as those attained during the previous three-month period.
To be more specific, the makers of central processing units and graphics processors scored a total revenue of $1.62 billion during the third quarter
Compared to the second quarter, this corresponds to a minor decline, of 2 percent to be exact.
On the other hand, when faced with the third quarter of 2009, AMD was able to boast of having grown by 16 percent.
What's more, the operating income was of $128 million, slightly higher than the $125 million of the second quarter.
The main downside to the company's announcement was the loss of $118 million, most of which can be attributed to equity losses related to Globalfoundries.
"AMD's third quarter performance was highlighted by solid gross margin and a continued focus on profitability, despite weaker than expected consumer demand," said Dirk Meyer, AMD president and CEO.
"Our strategy to deliver platforms with superior visual experiences continues to resonate. We look forward to building on this momentum when we begin shipping our first AMD Fusion Accelerated Processor Units later this quarter," Meyer added.
Other details in regards to quarterly financial performance include a gross margin of 46 percent and a sequential decrease of 11 percent for the graphics market, though the on-year comparison shows a 33 percent jump.
Overall, it was the lower than expected demand on some mature markets that led to AMD's lackluster financial results. Q4 revenue is expected to remain flat.