Console Sales Boost AMD’s Q4 Financials
AMD benefited tremendously from
nextcurrent-generation console sales, as its chipsets are used in both Sony’s and Microsoft’s products.
AMD’s Graphical and Visual Solutions division earned $865-million in revenue for the quarter that ended on 28 December, 2013. This figure is up from the $326-million earned in the quarter prior to that. Operating income amounted to $121-million, up from $79-million year-on-year.
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Full-year revenues for the Graphical and Visual Solutions arm of AMD amounted to $2.2-billion, a large increase over the previous year’s $1.42-billion.
However, Sony and Microsoft were unable to help AMD’s Computer Solutions division which showed a $7-million Q4 operating loss. The full-year loss for the Computer Solutions division was $22-million.
AMD’s overall Q4 revenue amounted to $1.59-billion. Most of which was boosted by console sales, fortunately.
“Strong execution of our strategic transformation plan drove significant revenue growth and improved profitability in the fourth quarter,” said AMD president and CEO Rory Read in a statement.
“The continued ramp of our semi-custom SoCs and leadership graphics products resulted in a 38 percent revenue increase from the year ago quarter. Our focus in 2014 is to deliver revenue growth and profitability for the full year by leveraging our differentiated IP to drive success in our targeted new markets and core businesses.”
It seems as if AMD’s strategic transformation has showed growth and promise over 2013, whereby 2014 is the year that they will ‘make it rain’.