AMD Announces Q4, 2011 financial results
AMD has announced the Q4, 2011 Financial results.
Table 1 : AMD Earnings and Profit Q4 2011 Vs Q4 2010
Quarter | Earning | Profit |
Q4 2010 |
$1.236 bn | -$ 390 mn |
Q4 2011 | $1.691 bn | -$177 mn |
Table 2 : AMD Earnings and Profit Q3 2011 Vs Q4 2011
Quarter | Earning | Profit |
Q3 2011 |
$1.691 bn | $ 92 mn |
Q4 2011 | $1.691 bn | -$177 mn |
Table 3 : AMD Earnings and Profit FY 2010 Vs FY 2011
Year | Earning | Profit |
2010 |
$ 6.494 bn | $ 471 bn |
2011 | $6.57 bn | $491 mn |
Source : AMD financial results
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The Q4 losses has been due to one time charge that AMD took. This one time charge has two parts. The smaller part is the $98 million charge that AMD took for its worksforce reduction. The bigger part is the $209 million that reflects the losses of AMD’s investment in Global Foundaries. AMD owns 8.8% stake in Global Foundaries. It kind of reflects the loss in the value of the assets of the investment.