Home > Gaming > Graphics Cards > AMD reports Q3 2011 results
Graphics CardsNewsProcessors

AMD reports Q3 2011 results

Last month AMD revised its Q3 forecasts, much to the disdain of its shareholders, with AMD's stocks taking a nosedive. As it turns out, the forecast revisions, which suggested revenues of $1.65B were off the mark. AMD has instead reported revenues of $1.69 billion and net income of $110 million. 

Last month AMD revised its Q3 forecasts, much to the disdain of its shareholders, with AMD's stocks taking a nosedive. As it turns out, the forecast revisions, which suggested revenues of $1.65B and earnings of $80 million were off the mark. AMD has instead reported revenues of $1.69 billion and net income of $110 million. 

AMD's new CEO Rory Read announced a strong 35%  increase in mobile business, with double digit growth in emerging markets like China and India. However, AMD's Q3 was marred by yield issues for Llano, being unable to meet the strong demand. 

Looking forward to Q4, AMD expects a 3% ± 2% increase in revenue. AMD's shares rose by 5.05% in after hours shortly after the results were announced, and an immense 14% in the last 24 hours. 

Source: Forbes

TeamVR
http://vrzone.com
VR-Zone is a leading online technology news publication reporting on bleeding edge trends in PC and mobile gadgets, with in-depth reviews and commentaries.

Leave a Reply

Your email address will not be published.

Read previous post:
More next-gen GPU codenames revealed

There have been no shortage of code name / branding leaks for next-gen GPUs in the last few weeks. To...

Close