AMD reported revenue of $4.8bn in the fourth quarter and a 45 per cent year-on-year decline in net income

2022-06-16 0 By

Financial network technology, February 2 – AMD today announced the company’s fiscal 2021 fourth quarter and full year financial results.According to the report, AMD’s revenue in the fourth quarter was $4.826 billion, up 49% from $3.244 billion in the same period last year, and up 12% from $4.313 billion in the previous quarter.Net income was $974 million, down 45% from $1.781 billion a year earlier and up 6% from $923 million in the prior quarter.Adjusted non-GAAP net income was $1.122 billion, up 76% from $636 million a year earlier.AMD’s fourth-quarter and full-year results beat Wall Street analysts’ expectations and the company’s revenue outlook for the first quarter and full year of fiscal 2022 beat expectations, sending its shares up nearly 10% after hours.