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AMD on the up, hopes to make profit in 2014

Dominic Sacco
AMD on the up, hopes to make profit in 2014

Chip maker AMD had an improved year in 2013, making a net loss of $83 million compared to a loss of $1.18 billion in 2012.

Revenues hit $5.3 billion for the year ending December 28th 2013, down two per cent year-on-year, bolstered by strong sales in Q4 2013, when the AMD-powered Xbox One and PS4 consoles went on sale.

Revenues reached $1.59 billion in Q4, up 38 per cent year-on-year, while net income hit $89 million during the quarter.

For the first quarter of 2014, AMD expects revenue to decrease 16 per cent, plus or minus three per cent, sequentially. Its focus for the year is to deliver revenue growth and profitability.

"Strong execution of our strategic transformation plan drove significant revenue growth and improved profitability in the fourth quarter," said Rory Read, AMD president and CEO.

"The continued ramp of our semi-custom SoCs and leadership graphics products resulted in a 38 per cent 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.

AMD recently began shipping the next-generation AMD A-series desktop APU, codenamed Kaveri, and announced the low-power Beema and Mullins APU offerings for 2014.

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Tags: AMD, financial results, profit, apu, 2014, net loss, 2013, Financial Report

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