One of the biggest names in the semiconductor business in the Advance Micro Devices (AMD) has gone on to report massive financial performance up to Q4 of year 2020. The very sold performance can be credited to the fact that its products powered up gaming consoles such as the Playstation 5 as well as the Xbox, along with powerful PCs and CPUs. All in all, the company has indeed been in the process of recording massive returns from its investments which it accounted for last year.
The full year earnings which were subject to being released by the company has gone on to show that it was actually able to eclipse its year-on-year performance for each quarters of 2020. The figures were indeed very impressive as far as the case goes for the US chipmaker and also proceed on to indicate for greater things ahead.
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In accordance with what the financial report states of AMD : the revenue for Q4 2020 was calculated at $3.2 billion, which was about 53% higher than the $2.1 billion subject to being realized in Q3. The profits also reflected a massive rise from $170 million in Q3 to $1.78 billion in Q4 – representing an up by 948%. Hence, the profit figures concerning the company go on to imply that it was successful in ramping up its profits by up to one billion US dollars from October to December of last year.
In comparison with the overall performance of the company in the previous year, its revenues actually went up 45% from $6.7 billion in 2019 to $9.76 billion last year – a difference of more than three billion US dollars. The year-on-year profit also witnessed a 630% climb from the $341 million which was seen in 2019 to $2.49 billion that was recorded last year.
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