AMD REPORTS FIRST QUARTER RESULTS Financial Statements AMD Selected Corporate Data -AMD earns a record $189.3 million, or $1.15 per share, on record quarterly sales-
SUNNYVALE, CA --April 12, 2000-- AMD today reported record sales of $1,092,029,000 and record net income of $189,349,000 for the quarter ended April 2, 2000. Net income amounted to $1.15 per diluted share. The company reported strong growth in each of its product groups - the Computation Products Group, the Memory Group, and the Communications Group.
Total revenues grew by 13 percent over the immediate-prior quarter ended December 26, 1999, and by 73 percent over the like period of 1999. In the immediate-prior quarter, AMD reported sales of $968,710,000 and net income of $65,080,000, or $0.43 per diluted share. In the first quarter of 1999, AMD reported sales of $631,593,000, and a net loss of $128,367,000, or $0.88 per share.
"AMD had the best quarter in its history," said W.J. Sanders III, chairman and chief executive officer. "Each of our product groups reported significant growth in the first quarter. Led by strength in PC processors and Flash memory sales, sales from AMD's three product groups grew by more than 13 percent sequentially and by more than 83 percent over the comparable period of 1999.
"Unit sales of AMD Athlon� processors increased by 50 percent to 1.2 million units," Sanders continued. "Total PC processor revenues grew 14 percent sequentially and by more than 65 percent over the first quarter of 1999. Total unit sales, including AMD Athlon and AMD-K6� family processors, reached a new record at nearly 6.5 million units. Reflecting a richer PC processor portfolio with the industry's broadest range of high-performance solutions, revenues from AMD Athlon processors exceeded revenues from AMD-K6 family processors."