AMD is focused. Those three words best describe AMD’s quarterly results, growing in revenue from $1.03 to 1.22 billion (YoY). Biggest gain was recorded in the Radeon and Ryzen business, i.e. Computing and Graphics. That business segment grew 51%, recording full quarter of RYZEN revenue, and of course, growth in eSports and surprisingly to Wall Street, cryptocurrency demand. In an recorded interview with Sushie Gharib from Fortune, AMD CEO Lisa Su stated that “there is no one thing in magic, when it comes to turning around large corporations, but it is all about focus.” Gong back to the drawing board with CPU and GPU roadmaps
NVIDIA Announces Record Revenue Numbers
It seems that NVIDIA Corporation is going from strength to strength as it presented final numbers for the fiscal fourth quarter, and fiscal financial year. Just like Apple, NVIDIA does not use Calendar Year (CY) for its earnings, unlike AMD, Intel, Qualcomm and the like. Their year ends with January 1st, and starts with February 1st. For the fourth fiscal quarter 2016, the company reported $1.40 billion, 12% more than the year before (YoY). Fiscal 2016 also marks the first time NVIDIA broke into the $5 billion club, with $5.01 billion in revenue. Revenue drive was not driven by buying the market share as the company reported healthy
Twitter Reports Stellar Earnings, Stock Jumps 35%
Twitter [NYSE:TWTR] today reported their earnings for the second quarter of the year, beating out all expectations and further raising their outlook for the next quarter and the whole year as well. The company reported that revenue rose to $312.2 million, up from $139.3 million a year ago, more than double. This is a significant beat of where Twitter had guided as well, as they had guided $270 to $280 million while the Thomson Reuters analyst poll had the average expectation at $283.1 million. However, the company still posted a GAAP net loss of $144.6 million, but most of this has to do with a
AMD reports $1.78B revenue, records first profit in years (non-GAAP)
On Thursday, AMD reported its Q3’2008 results and the company managed to “Experience Black” (marketing slogan behind 4870X2). When we look at overall (non-GAAP) numbers, AMD filed $1.776 billion revenue and a profit of 80 million dollars. This was the first filed profit in seven quarters, and in a way, Hector J. Ruiz kept its promise of AMD becoming profitable by Q3’08. However, the results that Wall Street calculates are GAAP ones, and without that one-time revenue of $191 million (selling equipment to JSC Angstrem, as I first reported here), the company filed a net loss of $67 million on a revenue of $1.56 billion.