Feeds

Price boosts strengthens AMD Q4

Way out of the woods

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

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

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
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?
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.