AMD have posted their latest earning results and for the first quarter of 2011 they were up by 2-percent compared to last year. Net income has grown by a very decent 98-percent. First quarter profits were higher than those from the holiday quarter, by 36-percent.

AMD attributes the year-on-year growth to shipments of their APU (accelerated processing units), which "greatly exceeded" their expectations. Most people want to know which of AMD's businesses did best last quarter, microprocessors or graphics? The computing solutions side of things saw a revenue rise of 3-percent compared to last year, despite lower average selling prices. On the flip side, the graphics business was "flat year-over-year" and it also saw prices decrease.

Looking toward Q2, AMD is expecting its revenue to be "flat to slightly down" compared to the results of Q1.