As the quarterly earnings train rolls along, AMD has
announced its results for the last three months of 2011, with weaker than expected sales resulting in a net loss of $177 million on revenue of $1.69 billion. Worse,
ZDNet mentions AMD expects revenue to continue to decline as 2012 gets started. Of course, there were highlights including sales of more than 30 million
Accelerated Processor Units (APU) for the year, resulting in record annual notebook revenue, while CEO Rory Read also noted "re-gained momentum" in its server business. AMD's revenue remained flat YoY at $6.57 billion, but that and all the other dirty financial details are in the press release after the break. For 2012 Read says AMD is "clear on our priorities and opportunities", we'll see if those newly focused initiatives add up to a better result at this time next year.
Continue reading AMD reports a net loss for Q4 2011, 30 million APUs sold last year
AMD reports a net loss for Q4 2011, 30 million APUs sold last year originally appeared on Engadget on Tue, 24 Jan 2012 19:24:00 EDT. Please see our terms for use of feeds.
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