Is AMD Showing Decent Recovery?
Subject: General Tech, Graphics Cards, Processors | January 23, 2014 - 02:41 AM | Scott Michaud
AMD had a decent quarter and close to a profitable year as a whole. For the quarter ending on December 28th, the company managed $89 million dollars in profits. This accounts for interest payments on loans and everything else. The whole year averaged to a $103 million dollar gain in operating income although that still works out to a loss of $74 million (for the year) all things considered. That said, a quarterly gain of $89 million versus an annual loss of $74 million. One more quarter would forgive the whole year.
This is a hefty turn-around from their billion dollar operating loss of last year.
This gain was led by Graphics and Visual Solutions. While Computing Solutions revenue has declined, the graphics team has steadily increased in both revenue and profits. Graphics and Visual Solutions are in charge of graphics processors as well as revenue from the game console manufacturers. Even then, their processor division is floating just below profitability.
Probably the best news for AMD is that they plan the next four quarters to each be profitable. Hopefully this means that there are no foreseen hurdles in the middle of their marathon.