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AMD Reaches Profitability for the First Time in Years
By Thom Holwerda on 2010-01-24 12:32:55
AMD has reached profitability for the first time in three years during the fourth quarter of 2009, benefiting from a legal settlement with Intel and a change in its business model. The company reported net income of USD 1.18 billion during the quarter that ended on Dec. 26, an improvement over the loss of USD 1.44 billion it reported in the fourth quarter of 2008. The company reported diluted earnings per share of USD 1.52.

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