AMD reaches Canada Goose Parka profitability for the first time in years
Advanced Micro Devices reached profitability for the first time in three years during the fourth quarter of 2009, benefiting from a legal settlement canada goose uk shop with Intel and a canada goose factory sale change in its business model, the canada goose coats on sale company said on Thursday.
The https://www.topparka.ca company buy canada goose jacket reported net income of US$1.18 billion during the quarter that ended on Dec. 26, an improvement over the loss of $1.44 billion it reported in the canadian goose jacket fourth quarter of 2008. The company reported diluted earnings per share of $1.52.
AMD reported revenue of $1.65 billion for the fourth quarter, a gain of 42 percent compared to the same period last year. The revenue canada goose black friday sale beat estimates of analysts polled by Canada Goose Outlet Thomson Reuters, who expected revenue of cheap Canada Goose $1.5 uk canada goose billion.
Revenue canada goose was driven by a healthy holiday sales period for PCs using its chips and increased demand Canada Goose online for its Radeon graphics cards, AMD said. The $1.25 billion Intel canada goose coats paid AMD in November to Canada Goose sale settle a lawsuit canada goose clearance also helped. AMD had accused Intel of offering rebates that kept AMD buy canada goose jacket cheap from Canada Goose Online making deals with PC makers.
Microprocessor revenue canada goose store during the quarter was $1.2 billion, up 14 percent compared to canada goose clearance sale the same quarter canada goose uk black friday of the previous Canada Goose Jackets year. Graphics segment revenue was uk canada goose outlet $427 million, up 40 percent.
quarter marks another milestone in our transformation and underscores our growing momentum, said AMD CEO canada goose uk outlet and President Dirk Meyer in a statement.
AMD suffered three years of consecutive losses as it failed to launch chips as scheduled and, more recently, because of lower chip sales during the recession. The company also took billions of dollars in charges related linked site to the acquisition of graphics firm ATI in 2007.
In an effort to turn things around, AMD divested assets, cut staff and re established itself as a chip design firm by spinning off its debt heavy manufacturing facilities to a separate entity now known as GlobalFoundries. AMD remains cheap canada goose uk a Canada Goose Coats On Sale minority shareholder in GlobalFoundries.
