Advanced Micro Devices Inc reversed a fourth quarterly net loss and closed its annual loss for 2004, the company reported yesterday.
AMD reported net income of $43m, compared to a $31m loss, for the three months to December 28, on revenue that surged 76% to $1.2bn. Earnings per diluted share came in at $0.12, up from a $0.09 loss.
For the year, AMD reported a $274m net loss, compared to a loss of $1.3bn, with revenue jumping 30% to $3.5bn. Earnings per diluted share was a loss-making $0.79, compared to a $3.81 loss.
AMD said it experienced record sales in China and Latin America for the fourth quarter and strong demand for the AMD Athlon XP desktop processor line.
This article is based on material originally published by ComputerWire