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AMD reports Q4 results, ends up doing better than expected

AMD reports its fourth quarter financials, FY2012 results.

By Trace Hagan on Jan 22, 2013 04:31 pm CST - 0 mins, 42 secs reading time

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.

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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.

Trace Hagan

ABOUT THE AUTHOR - Trace Hagan

Trace is a starving college student studying Computer Science. He has a love of the English language and an addiction for new technology and speculation. When he's not writing, studying, or going to class, he can be found on the soccer pitch, both playing and coaching, or on the mountain snowboarding.

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