CEO-less chip company Advanced Micro Devices (AMD) said it made a net profit in its second financial quarter but its revenues fell compared to the same quarter last year.
Temporary CEO Thomas Siefert (not pictured) hailed the first half of 2011 as a triumph and went so far as to describe his company as a “design and innovation powerhouse”.Jerry Sanders III, who founded the company, would be turning in his grave but he’s not dead yet so he can’t.
He is referring to the Fusion APU and claimed that AMD was helping vendors to deliver “brilliant multimedia and video content with all day battery life”. That will be nice.
For its Q, AMD turned in revs of $1.57 billion compared to revs of $1.65 billion Q on Q, Y on Y as Gartner puts it. Yet last year in the same quarter it made a net loss of $43 million while in the second quarter this year it made a net profit of $61 million.
Its gross margin was 43 percent. Siefert said that the AMD A-series Fusion has over 150 design wins from vendors including Dell, Lenovo and HP. But its graphics cash cow showed a decrease of 17 percent year on year. It shipped less than it did in the same quarter last year.
AMD thinks its revenues will rise by 10 percent in its third financial quarter. Meanwhile the Wall Street Journal claimed that headhunters had wooed Mike Capellas as a putative CEO. But not Carly Fiorina as far as we can tell.