AMD reports a net income of $257 million, marking its second quarter in a row of profit.
Earlier this week we heard from Intel that it just had the best first quarter ever. It seems that the computer industry is at full speed again, as AMD is now reporting positive financials too (good, but not record breaking).
AMD announced revenue for the first quarter of 2010 of $1.57 billion, net income of $257 million, or $0.35 per share, and operating income of $182 million. The company reported non-GAAP net income of $63 million, or $0.09 per share, and non-GAAP operating income of $130 million. More details here.
"Strong product offerings and solid operating performance resulted in record first quarter revenue," said Dirk Meyer, AMD President and CEO. "We continue to strengthen our product offerings. We launched our latest generation of server platforms, expanded our family of DirectX 11-compatible graphics offerings, and commenced shipments of our next-generation notebook platforms to customers."
Helping the bottom line along is the reveal that AMD has so far sold six million DirectX 11-class GPUs, no doubt helped its six-month lead over Nvidia's Fermi.
"In graphics, we shipped a total of over six million DirectX 11 enabled units to date, and expanded the family into the mainstream and value segments," said Meyer.