Friday, April 22, 2011

AMD recently reported their financial income - No losses again

AMD 's Future is indeed Fusion. Their older company slogan turns really true looking at their Q1-2011 Financial Report:
-  Revenue $1.61 billion
- That is a little more compared to last year, but they didn't make any loss.
- The income resulted from the change of contract they had with GlobalFoundries
- GloFos had to pay back about $492M, thus the overall win was $510M so AMD is on a good track of recovery.

According to the current interim CEO, the key reason of success was the new Fusion APUs, and next quarters 2nd gen versions, for notebooks and select netbooks.

Read the full AMD Financial Report here

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