Core Insights - Tata Consultancy Services (TCS) has announced a strategic collaboration with AMD to enhance AI adoption in enterprises, modernize legacy systems, and create secure digital workplaces [1][2] Group 1: Collaboration Details - The partnership will focus on co-developing industry-specific AI and GenAI solutions by leveraging TCS's domain expertise and AMD's high-performance computing capabilities [2] - TCS and AMD will invest in talent development to create a pool of experts for next-generation AI solutions, with frameworks tailored for sectors like life sciences, manufacturing, and BFSI [2] - The collaboration aims to deliver accelerators and best practices to improve AI performance in both training and inference workloads [2] Group 2: Leadership Statements - Dr. Lisa Su, CEO of AMD, emphasized the need for high-performance computing and collaboration to unlock AI's potential across industries [3] - K. Krithivasan, CEO of TCS, highlighted the partnership as a significant step in scaling AI for enterprises, moving from experimentation to deployment [3] Group 3: Technological Integration - TCS will integrate AMD's Ryzen™ CPUs and EPYC™ CPUs, along with Instinct™ GPUs, to modernize hybrid cloud and high-performance computing environments [3][4] - The collaboration will also utilize AMD's embedded computing portfolio to drive edge innovation and industrial digitalization [3] Group 4: Company Background - TCS has a workforce of 590,000 across 55 countries and generated over US $30 billion in revenue for the fiscal year ending March 31, 2025 [7][8] - The company has a long history of innovation and has maintained partnerships with clients through various technology cycles since its inception in 1968 [6][7]

Core Insights - AMD reported better-than-expected earnings and provided a strong revenue forecast for the current quarter, despite anticipating a $1.5 billion revenue loss for the fiscal year due to U.S. chip export restrictions [1][8] - The company's stock initially rose by 4% in after-hours trading but later fell to a 1.72% increase after discussions regarding the impact of AI chip export controls [1] Financial Performance - AMD's revenue for the last quarter reached $7.438 billion, a 36% year-over-year increase, surpassing analyst expectations of $7.12 billion [3][4] - The company reported a net income of $1.566 billion, up 55% from the previous year, with diluted earnings per share of $0.96, exceeding market expectations [4][5] Business Segments - Data center revenue was $3.674 billion, a 57% increase year-over-year, driven by strong sales of AMD EPYC™ CPUs and AMD Instinct™ GPUs [5][7] - Client and gaming revenue grew by 28% to $2.941 billion, with the client segment seeing a 68% increase due to demand for the latest "Zen 5" AMD Ryzen™ processors [5][7] - Embedded revenue decreased by 3% to $823 million, reflecting mixed demand in the end market [6][7] Future Outlook - AMD expects approximately $700 million in revenue loss this quarter due to export controls, with total losses projected to reach $1.5 billion by the end of the fiscal year [8] - Despite the challenges, the CEO expressed optimism about strong double-digit growth in AI chip revenue for the data center business this year [8][10] - The company anticipates sales of around $7.4 billion for the current quarter, slightly above analyst expectations of $7.23 billion [8]

SANTA CLARA, Calif., May 06, 2025 (GLOBE NEWSWIRE) -- AMD (NASDAQ:AMD) today announced financial results for the first quarter of 2025. First quarter revenue was $7.4 billion, gross margin was 50%, operating income was $806 million, net income was $709 million and diluted earnings per share was $0.44. On a non-GAAP(*) basis, gross margin was 54%, operating income was $1.8 billion, net income was $1.6 billion and diluted earnings per share was $0.96. “We delivered an outstanding start to 2025 as year-over-ye ...