ATI Technologies has reported that revenues for the fiscal year 2001 declined by 19.1 per cent to $1.04 billion due to a global slowdown in PC sales.
The company revealed an adjusted net loss of $54.2 million or $0.23 per share. It also announced an adjusted net income of $2.2million or $0.01 per share for the fourth quarter of its 2001 fiscal year ending August 31.
ATI Technologies had supplied graphics cards for all Macs until January this year, when Apple announced plans to bundle nVidia's GeForce2 MX graphics card, with 533, 667 and 733MHz G4 Power Macs.
Expenses down Despite revenues for the fourth quarter of 2001 dropping 6.7 per cent to $229.1 million compared to the third quarter, the gross margin improved 5.5 per cent to 29.6 per cent. Total operating expenses of $88.3 million decreased 2.7 per cent in the fourth quarter versus the previous quarter, and were 15.4 per cent lower than the fourth quarter of fiscal 2000.
David Orton, president and chief operating officer for ATI Technologies, said: "Despite the PC slowdown, we are continuing to deliver on the most aggressive schedule of new product and technology introductions in ATI's history. Our growth will be driven by an expanding footprint in the PC market through increased desktop and workstation market share."
ATI forecasts improved performance by increasing customer acceptance of its Radeon 8500, Radeon 7500 and Mobility Radeon 7500 graphics processors.