Advanced Micro Devices (AMD) has reported a net loss of $177m, or $0.24 per diluted share, for the fourth quarter ended December, 31, 2011, compared to a net income of $375m, or $0.50 per diluted share, for the same period in 2010.
The company posted net revenue of $1.69 billion for the fourth quarter of 2011, an increase of two percent, compared to $1.64 billion for the same period of 2010. Gross margin was $773m for the fourth quarter of 2011, compared to $743m for the same period of 2010.
Operating income was $71m for the fourth quarter of 2011, compared to $413m for the same period of 2010. Loss from continuing operations was $173m for the fourth quarter of 2011, compared to income from continuing operations of $375m for the same period of 2010.
For the full year ended December, 31, 2011, net income was $491m, or $0.68 per diluted share, compared to a net income$471m, or $0.66 per diluted share, for the year 2010. Net revenue was $6.5 billion for the year 2011, compared to $6.4 billion for the year 2010.
The company posted gross margin of $2.94 billion for the year 2011, compared to $2.96 billion for the year 2010. Operating income was $368m for the year 2011, compared to $848m for the year 2010.
Income from continuing operations was $495m for the year 2011, compared to $471m for the year 2010.
Rory Read, president and CEO of AMD, said: “AMD shipped more than 30m APU’s in 2011, resulting in record annual notebook revenue. The unmatched combination of computing and graphics capabilities in our low-power ‘Brazos’ platform has made it our fastest ramping platform ever, paving the way for continued growth in key segments and geographies.
“We continued optimizing our financial model in 2011, consistently delivering operating income and creating the foundation for sustained success. We begin 2012 clear on our priorities and opportunities. We are building an AMD that consistently delivers on its commitments.”
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Advanced Micro Devices (AMD) has reported a net loss of $177m, or $0.24 per diluted share, for the fourth quarter ended December, 31, 2011, compared to a net income of $375m, or $0.50 per diluted share, for the same period in 2010.