AMD turns in a result

Intel’s enemy, Advanced Micro Devices (AMD), revealed its results for its first quarter revenues and profits.

Its revenues for its first quarter amounted to $1.57 billion and its net profit was $257 million. Intel turned in a fine profit earlier this week, as we reported.

AMD’s gross margins were 47 percent, which is quite a result.

It’s all a bit impossibly complicated by the GlobalFoundries spinoff, but the effect of that is diminishing as the quarters spin by.

Dirk Meyer, the CEO of AMD,  said it had produced strong product offerings and is strengthening those offerings. Meyer invented the DEC Alpha chip which Intel is now forced to produce for the US federal government, under a sub rosa agreement.

ATI has contributed to the product mix, said AMD. Hector Ruiz has retired.