Growing demand for its Opteron server chips pushed Advanced Micro Devices (AMD) to greater second-quarter profits, but the company failed to meet financial analyst expectations.AMD on Thursday reported a profit of US$89 million for the quarter, far above its mark of $11 million last year.Despite the profit, AMD’s earnings of $0.18 per share missed a forecast of $0.22 per share on revenues of $1.25 billion from analysts surveyed by Thomson Financial. SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe AMD, of Sunnyvale, Calif., posted $1.22 billion in revenue for the quarter ending July 2, up from the $797 million reported by the company’s processor division last year. Including revenue from its Spansion flash memory unit, which was spun off in December 2005, AMD reported $1.26 billion in the previous year’s quarter. Strong demand for AMD’s Opteron server chip accounted for the 53 percent jump in revenue, the company said.-Ben Ames, IDG News Service (Boston Bureau) Check out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content feature Mastercard preps for the post-quantum cybersecurity threat A cryptographically relevant quantum computer will put everyday online transactions at risk. Mastercard is preparing for such an eventuality — today. By Poornima Apte Sep 22, 2023 6 mins CIO 100 CIO 100 CIO 100 feature 9 famous analytics and AI disasters Insights from data and machine learning algorithms can be invaluable, but mistakes can cost you reputation, revenue, or even lives. These high-profile analytics and AI blunders illustrate what can go wrong. By Thor Olavsrud Sep 22, 2023 13 mins Technology Industry Technology Industry Technology Industry feature Top 15 data management platforms available today Data management platforms (DMPs) help organizations collect and manage data from a wide array of sources — and are becoming increasingly important for customer-centric sales and marketing campaigns. By Peter Wayner Sep 22, 2023 10 mins Marketing Software Data Management opinion Four questions for a casino InfoSec director By Beth Kormanik Sep 21, 2023 3 mins Media and Entertainment Industry Events Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe