AMD was loss-making again

AMD closed the last quarter of last year with a net loss of $ 177 million.

The loss was due to the impairment of Globalfoundries shares, but non-GAAP said the restructuring costs of $ 98 million and the effects of the poor economic situation also severely stamped the company’s revenue. AMD closed the last quarter with sales of $ 1,69 billion, a 2 percent increase.

Rory Read, the new CEO of AMD, stressed that Fusion APUs have been a great success. The number of copies delivered is estimated at 30 million. The Brazos platform for the netbook, nettop and entry-level desktop markets is particularly successful.

AMD revenue is forecast to decline 8 percent in the first quarter of this year.

Source: Fudzilla