AMD hosted their quarterly earnings conference call this afternoon to announce their financial results for the quarter ending March 2014. While they still reported a GAAP loss of $20 Million ($0.03 per share), year over year results showed a strong revenue gain of 28% and a substantial 86% increase in net income (though still a small loss).
AMD Q1 2014 Financial Results (GAAP)
Gross margins were 35% for the quarter which was flat compared to Q4 2013. These margins are in-line with AMD’s stated goals, and while they’d no doubt appreciate greater margins right now, the long term plan is to be profitable with these margins.
Non-GAAP numbers were slightly higher, with a small profit of $12M, or $0.02 per share.
AMD Q1 2014 Financial Results...
If you’ve yet to try Valve’s mind-bending first-person puzzler Portal, you now have no excuse. The original Portal is currently free on Steam until September 20th.
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Thanks X-bit labs for the image
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