AMD reports better than expected Q1 earnings

In Q4 2009 AMD reporter its first profitable quarter in years and, according to Q1 earnings data released on Thursday, the company is staying in the green. AMD reported revenues of $1.57 billion and profits of $257 million. A year ago, the outfit posted a $416 loss on revenue of $1.18 billion. AMD also managed to beat its Q4 2009 results, but the company expects the upcoming quarter to down seasonally.
AMD CEO Dirk Meyer said that the results can be attributed to AMD's strong product portfolio and noted that recently introduced DirectX 11 graphics, as well as sever and mobile platforms, should continue to strengthen AMD's position.

Source: Fudzilla

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