AMD’s revenue slid 2% from last year, but the results were better than analysts expected, as the chip maker heralded its success in the server market.
AMD posted quarterly revenue of $1.59bn, down 2% on the same quarter in 2011. The company made a net profit of $92 million – or would have if it wasn’t for a $703m payout to Global Foundries to end an exclusivity deal.
AMD is restructuring following the appointment of a new CEO, Rory Read, and job cuts. Read claimed the low-power SoC Brazos platform saw double-digit growth in emerging markets, while processors based on AMD’s latest architecture, Bulldozer, were picking up server sales.
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“Our server business continues to make steady progress,” he said. “We achieved our third consecutive quarter of server processor unit shipment growth, driven by increased adoption of our Bulldozer-based offerings.”
“We are fully committed to build this business step-by-step over the long term,” Read added.
Sales of AMD’s APUs – accelerated processing units, with the CPU and GPU on the same die – “continues to accelerate”, Read said.
“APUs account for nearly 100% of our mobile unit shipments in the quarter, helping drive an approximate 30% increase in mobile processor unit shipments and significant mobile revenue growth from a year ago,” Read claimed.
“A complete top-to-bottom introduction of new APU offerings, combined with ample product supply resulting from continued progress with our manufacturing partners, positions us to win and grow,” he said.
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