STOCKHOLM (04/05/2000) - Advanced Micro Devices Inc. (AMD) expects to report revenue of more than US$1 billion for its first fiscal quarter ended April 2, the chip maker's chief executive said today according to a company statement.
Revenue for the quarter is expected to reach more than $1.06 billion, some 10 percent higher than what the chip maker reported for the fourth quarter of last year, AMD Chairman and Chief Executive Officer Jerry Sanders told reporters at a press event held in Tokyo earlier today, the company said in a statement.
AMD is scheduled to post its first-quarter fiscal 2000 results on April 12.
The company has reached its publicly stated goal of shipping during the quarter more than 1.2 million units of its high-end Athlon processor for PCs, with strong growth in Flash memory sales also contributing to the record revenue figure, according to the statement.
AMD handily beat analysts' expectations for its fourth fiscal 1999 quarter, ended Dec. 26, 1999, reporting net income of $65 million, or 43 cents per diluted share, on revenue of $968.7 million. [See "AMD Boasts a Bumper Fourth Quarter," Jan. 19.]Advanced Micro Devices, in Sunnyvale, California, can be reached at +1-408-732-2400, or via the Web at http://www.amd.com/.