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Stands for Floating Point Operations Per Second. FLOPS are typically used to measure the performance of a computers processor. While clock speed, which is measured in megahertz, is often seen as an indicator or a processors speed, it does not define how many calculations a processor can perform per second. Therefore, FLOPS is a more raw method of measuring a processors processing speed.
Still, a FLOPS reading only measures floating point calculations and not integer operations. Therefore, while FLOPS can accurately measure a processors floating point unit (FPU), it is not a comprehensive measurement of a processors performance. In order to accurately gauge the processing capabilities of a CPU, multiple types of tests must be run.