AMD reported its Q2 financial results, which point to a net income of $61 million from total revenues of $1.57 billion. It looks like AMD is finally back in the black and turning a profit if we compare it to the same quarter last year where AMD lost $43 million. However its not all black ink, the companies overall revenue was down by 4.8%.
Lower shipments of discrete graphics components for mobile devices led to a revenue drop of of 11 percent. AMD CFO and interim CEO Thomas Seifert noted that the Fusion line up was a strong seller, which the company expects to continue to gain market share and in Q3 they are expecting revenue to increase 8-12%.
AMD still lacks a permanent CEO to replace Dirk Meyer’s who was left due to an on going disagreements with the board of directors. Interim CEO Thomas Seifert noted that they are still looking however, its not a matter of getting it done quickly but finding the right person. I wonder if CES 2012 will come along and AMD will still be searching, this is a significant amount of time to have an interim CEO.
Via NYT
