AMD's fourth quarter financial results are in and the picture is still gloomy, but they did do better than previously expected. Revenue came in at $1.16 billion, with losses coming in at $473 million. Keep in mind that a large portion of those losses can be attributed to restructuring costs as well as the deal with Global Foundries.
Fiscal Year 2012 revenue came in at $5.4 billion, which is down 17 percent year-over-year. Operating losses came in at $1.18 billion. Losses like this effectively offset the profits that AMD had managed in 2009, 2010, and 2011. This has brought back concerns over AMD's ability to make money and turn a profit.
However, it's worth noting that AMD has been doing quite a bit of restructuring and personnel changes. 2013 could end up being a turning point for the company as we hopefully start to see results out of these new employees.
Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.