AMD Revenue During Fourth Quarter of 2010 Stays Flat

It seems that Advanced Micro Devices finally got around to posting its financial results for the past quarter, showing a revenue figure not too different from the one during the previous three-month period.

The year 2010 was one of mixed results as far as individual market segments of the IT industry were concerned.

While some product types flourished, like tablets, others, like netbooks, began to slow down, leading to what one may see a mosaic of marketing developments.

AMD is one of those companies that did neither, their revenues staying flat sequentially, even as the gross margin dropped by 1% because of lower CPU ASP (average selling price).

For those that want numbers, Q4 2010 revenue was of $1.65 billion, with net and operating incomes being of $375 million and $413 million, respectively. Gross margin was of 45%.

All in all, this led to revenue of $6.49 billion for the entire year, net income of $471 million and operating income of $848 million.

"AMD enters 2011 with significant momentum, amplified by the successful launch of our first Fusion APUs," said Thomas Seifert, CFO and Interim CEO.

"I am confident we can drive profitable growth based on the strength of new products we will bring to market. Our customers recognize that Fusion APUs are at the core of delivering the world's most vivid digital experiences," he added.

Among the Sunnyvale, California-based company's more notable doings was the introduction of six-core and dual-core CPUs (AMD Phenom II X6 1100T and the AMD Phenom II X2 565 Black Edition).

There was also the launch of the HD 6000 series of graphics cards, all with support for DirectX 11 graphics.

As for current expectations, the outfit sees quarterly revenue either staying flat or going slightly down during the ongoing first quarter of 2011.

Considering that the opening of any year generally ends up less profitable, this is actually a fairly promising outlook.