AMD Reports Third Quarter Results Were Up!
AMD recently announced revenue for the third quarter of 2011 of $1.69 billion, net income of $97 million, or $0.13 per share, and operating income of $138 million. The company reported non-GAAP net income of $110 million, or $0.15 per share, and non-GAAP operating income of $146 million. Analysts surveyed by Thomson Reuters were looking for earnings of 10 cents a share.
Strong adoption of AMD APUs drove a 35 percent sequential revenue increase in our mobile business, said Rory Read, AMD president and CEO. 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.
Comments are closed.