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AMD reports Q4 results, ends up doing better than expected

AMD reports its fourth quarter financials, FY2012 results.

| Business, Financial & Legal News | Posted: Jan 22, 2013 10:31 pm

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.

 

TweakTown image news/2/8/28029_1_amd_reports_q4_results_ends_up_doing_better_than_expected.jpg

 

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.

NEWS SOURCE
Brightsideofnews.com

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