Fabless chip designer AMD has ended a 12-quarter loss streak in Q1 when it managed to post a profit of $257 million (EPS $0.35). Revenue this passed quarter was $1.57 billion, down from the $1.65 billion of Q4 2009, but this can be blamed and explained through the seasonal trend. AMD's cash, cash equivalents and marketable securities were at $1.93 billion, up sequentially from $1.77 billion."Strong product offerings and solid operating performance resulted in record first quarter revenue", said Dirk Meyer, AMD President and CEO. "We continue to strengthen our product offerings. We launched our latest generation of server platforms, expanded our family of DirectX 11-compatible graphics offerings, and commenced shipments of our next-generation notebook platforms to customers". Interestingly-enough, AMD said that it expects its Q2 revenue to be down.
