AMD Posts First Profit in Three Years
Get by with a little help from your friends, huh?
The year 2009 was a busy but good one for AMD. The company won a huge victory when the European Antitrust Commission found Intel guilty of anticompetitive practices and fined the company $1.45 billion. Though AMD didn't received a share of the fine, the case laid the foundations for a similar case in the United States. The FTC is still investigating Intel, but late last year, the company settled with AMD, resolving all legal disputes. The settlement saw Intel hand over $1.25 billion in damages and it was that money that helped AMD post its first profit in three years.
AMD yesterday posted a Q4 revenue of $1.65 billion, an increase of 18 percent compared to the previous quarter and 42 percent compared to the fourth quarter of 2008. Net income attributable to AMD common stockholders was $1.178 billion, or $1.52 per share. AMD reported an operating income of $1.288 billion.
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Jane McEntegart is a writer, editor, and marketing communications professional with 17 years of experience in the technology industry. She has written about a wide range of technology topics, including smartphones, tablets, and game consoles. Her articles have been published in Tom's Guide, Tom's Hardware, MobileSyrup, and Edge Up.
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NapoleonDK GOGOGO!!! Spend on R&D plz, KTHXBAI!!!Reply
Lol good for them, congratz AMD, keep it up! -
Honis Even without the intel bailout they would have posted (a much smaller) profit. A good sign for AMD!Reply -
d-block I wonder what it will be like in 2010 with ATI performing so well, if it keeps this up.Reply -
invlem So without the intel suit they would have broke even? Not bad they're moving in the right direction.Reply -
Belardo uh oh, intel is going DOWN now! AMD is on a roll...Reply
Doesn't intel make this much in a week?
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Raidur Yeah video is a big factor lately for AMD. I have seen countless amounts of nvidia users, who would have chose nvidia, go to ati for price and now dx11 and sheer performance. Nvidia is taking too long.Reply
Congratz AMD. :) -
trinix Who cares what intel makes. It's about 13 months of loss and they finally got out of loss by themselves. The profit is bigger thanks to intel's money, but at the same time they would have made more money if intel hadn't done what they did.Reply -
ikefu Even if you're an Intel fanboy, this has to make you happy.Reply
We all know Intel was sitting fat and lazy until AMD started kicking their asses and woke up the sleeping giant. Competition is good for all and keeps prices down. Gratz AMD!
Now if you only we could get some good competition for the government... -
huron I'm excited about this. It's always good to have competition in the marketplace. It's nice to see them profitable once again - let's hope they can invest in even more R&D and catch up with some of the new things Intel has pushed out recently.Reply