Feeds

Price boosts strengthens AMD Q4

Way out of the woods

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

ComputerWire: IT Industry Intelligence

Advanced Micro Devices Inc pointed to the way out of the woods yesterday as it turned in better than expected fourth quarter sales and said it expected to return to profit in the second quarter.

The Sunnyvale, California-based company turned in sales of $951.9m for the quarter ending December 30, down 19% on the year. However, AMD had said back in November that it expected sales to be flat to up in the high single digits on the $765.9m it reported in the third quarter. Despite the unexpected sales boost, the company still turned in a net loss of $15.8m, compared to a $178m profit the previous year. Proforma loss per share was $0.05, compared to the $0.18 loss per share Wall Street had been expecting.

Revenue was better than expected, the company said, because average selling prices for its processors "increased dramatically to $90" as it ramped up production of its Athlon XP family.

For the current quarter, the company expects a decline in revenues to $900m, which would result in a "small net loss". However, it said it still expects to return to profitability in the second quarter, and to report a profit for the year as a whole.

For the full year sales were $3.9bn, down 16.2%, while net losses were $60.6m, compared to the previous year's $983m profit.

© ComputerWire.com. All rights reserved.

Related story

Intely cagey on recovery

Top 5 reasons to deploy VMware with Tegile

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Internet Security Threat Report 2014
An overview and analysis of the year in global threat activity: identify, analyze, and provide commentary on emerging trends in the dynamic threat landscape.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.