amd q1 2013 financial result

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AMD q1 2013 financial result

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AMD q1 2013 financial result

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POSTER: computer news || AMD Q1 2013 FINANCIAL RESULT

DATE:2013-04-19

AMD, has published a summary of its performance for the period from January to March 2013.

In the first quarter, the company was able to earn an income of $ 1.09 billion, down 6% from the previous quarter and 31% lower than the AMD earned in the first quarter of 2012 . In this case, the operating loss amounted to $ 98 million, net loss - 146 million

Gross profit in the first quarter was equal to 41%.

If we consider the performance of individual company areas , Computing Solutions Division revenue for the quarter decreased by 9% for the year - 38%. The Graphics division also bad, but still ok: profit for the year decreased by 12%, but for the quarter increased by 3%.

Our first quarter results reflect our diligent work in difficult market conditions - described Rory Reid, president and CEO of AMD. - We basically completed the restructuring and are now focused on the release of powerful set of new products that will accelerate our business in 2013. We will continue to diversify our product range and attack the fast-growing markets, such as the server market with a high density layout, the client devices with ultra-low power consumption, built-in and semicustom solutions to create the foundation for a sustainable financial returns.

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