From PC World: AMD suffered a potentially catastrophic quarter, losing $181 million as revenue fell 35 percent from a year ago. Even worse, sales in the company’s Computing and Graphics Segment fell by a whopping 54 percent, as PC makers cut purchases of AMD’s parts.
AMD’s computing and graphics business racked up $532 million in sales a quarter ago, and was the largest AMD business unit. For the most recent quarter, sales fell to $379 million.
Dr. Lisa Su, the company’s newly appointed CEO, said the majority of its sales in the most recent quarter came from its Enterprise, Embedded and Semi-Custom (EESC) business unit. EESC sales grew sequentially from $498 million to $563 million.
“Strong sequential revenue growth in our EESC segment and channel business was not enough to offset near-term challenges in our PC processor business due to lower than expected consumer demand that impacted sales to OEMs,” said Su, in a statement. “We continue to execute our long-term strategy while we navigate the current market environment. Our focus is on developing leadership computing and graphics products capable of driving profitable share growth across our target markets.”
AMD's $181 million loss compares to a net loss of $36 million from a year ago. AMD recorded $942 million in revenue.
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