AMD today reported its first quarter 2013 results with the revenue of $1.09 billion, decreased 6 percent sequentially and 31 percent year-over-year while the gross margin was 41 percent. Operating loss was of $98 million, net loss was of $146 million and loss per share was of $0.19. Non-GAAP operating loss was of $46 million, net loss was of $94 million, loss per share was of $0.13.
“Our first quarter results reflect our disciplined operational execution in a difficult market environment,” said Rory Read, AMD president and CEO. “We have largely completed our restructuring and are now focused on delivering a powerful set of new products that will accelerate our business in 2013. We will continue to diversify our portfolio and attack high-growth markets like dense server, ultra low-power client, embedded and semi-custom solutions to create the foundation for sustainable financial returns.”
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