AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased by 40% Year-on-Year, Net Profit of 162 Million US Dollars

AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased by 40% Year-on-Year, Net Profit of 162 Million US Dollars

AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased: NetEase Technology News April 29 news, local time on Tuesday, AMD announced the first quarter of 2020 financial report. The financial report shows that the company’s revenue in the quarter was 1.79 billion U.S. dollars, an increase of 40% year-on-year; the net profit in the quarter was 162 million

AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased by 40% Year-on-Year

AMD's First-Quarter Revenue of 1.79 Billion US Dollars Increased
Pictured: AMD CEO Su Zifeng

U.S. dollars, and the earnings per share were 0.14 U.S. dollars, and the same period last year was 16 million U.S. dollars, and the earnings per share were 0.01 U.S. dollars; In general accounting standards, AMD ’s adjusted earnings per share for the first quarter were $ 0.18, compared with adjusted earnings per share of $ 0.06 in the same period last year. Must Read: Thanks to AMD Intel for finally increasing CPU performance by over 100%

Earlier analysts had expected AMD ’s revenue for the quarter to be $ 1.78 billion, or earnings per share of $ 0.18.

After the announcement, AMD’s stock price fell by about 4% in after-hours trading. The company’s stock price was $ 2.87 at the end of 2015, and closed at $ 55.51 on Tuesday local time. AMD is the best performing company in the 2019 S & P 500 index.

AMD Forecast for the Second Quarter is not Optimistic

AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased: Which shows that although the expenditure on computers used to support home office has surged, the company has not benefited from rival Intel. AMD said in a statement on Tuesday that it expects revenue for the second quarter to be approximately $ 1.85 billion. The analyst’s average expectation is $ 1.88 billion. The company said it expects annual sales to grow by about 25%, which may also be lower than analysts ’expectations. Must Read: AMD: Never dreamed of being ahead of Intel

AMD launched new products in 2020 Larger competitor Intel

whose processors have dominated the computing field for the past 10 years. Intel ’s task of regaining market share has been complicated by the new corona virus epidemic.  AMD: Ryzen will continue to add cores as long as the software can keep up

AMD First-Quarter Revenue of 1.79 Billion US Dollars Increased: The outbreak affected most of the personal computer supply chain and restricted global consumers to their homes. Boosted by sales of notebook computers and server chips, Intel announced strong first-quarter results.

AMD First-Quarter Revenue of 1.79 Billion US Dollars: Enterprises need to buy laptops to help employees work at home; Internet computing providers also need to order chips to increase the computing power of data centers, thereby helping to meet the surge in computing demand. Despite this, Intel withdrew its annual revenue forecast, triggering market concerns that a weak global economy will reduce computer sales.

Investors compared these growth rates with AMD

AMD progress and tried to determine whether the company could profit from the competition with Intel. Intel’s server chip division’s single-quarter revenue exceeded AMD’s combined annual revenue.

AMD First-Quarter Revenue of 1.79 Billion US Dollars: AMD has stated that after the server market share has fallen to less than 1%, its goal is to achieve double-digit market share by the middle of this year. Server computers are the backbone of corporate networks and large data centers.

Leave a Reply

Your email address will not be published. Required fields are marked *