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AMD increases sales, but quarterly loss

AMD increases sales, but quarterly loss

After Intel was able to shine yesterday with the quarterly figures from last year, AMD has now also presented the figures for the fourth quarter of 2001. But especially in terms of profit, there is still not too good news to report, although you have your own Could clearly meet expectations.

Thus the loss in the fourth quarter amounts to 5 cents per share or 15.8 Million dollars. In the previous year, AMD had a profit of 178 million dollars or 53 cents per share in the same period. Compared to the third quarter of 2001, where a minus of 97.4 million US dollars had to be reported, this already represents a significant increase. A lot has happened on the sales side as well. Above all, the Athlon XP, which made it possible to increase the sales price of its own processors, was responsible for the significant increase in sales. This amounted to 952 million US dollars and was thus above the expectations of the analysts, who assumed sales of 840 million US dollars. The results that AMD assumed have thus been completely fulfilled. Even if you are still a long way from the sales and profits of the same period last year. Revenue in the same period last year was a whopping 1.18 billion US dollars.

AMD expects to return to profitability in the second quarter of 2002 if the effects of the cost control programs have been fully implemented.