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AMD Reports 2014 1Q Results

By TechTaffy Desk

AMD

AMD reported $1.40 billion revenues for the first quarter of 2014, operating income of $49 million and net loss of $20 million, or 3 cents per share.

Rory Read (President and CEO, AMD): AMD continued our momentum by building on the solid foundation we set in the second half of 2013, further transforming the company. We are well positioned to continue to grow profitably as we diversify our business and enable our customers to drive change and win.

Cash, cash equivalents and marketable securities, including long-term marketable securities, were $982 million at the end of the quarter. Total debt, long-term and short-term, at the end of the quarter was $2.14 billion, up from $2.06 billion in Q4 2013.

For the second quarter of 2014, AMD expects revenue to increase 3 percent, plus or minus 3 percent, sequentially.

Upload: 04-19-14

 

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