AMD: PS4 & Xbox One sales boost company's Q4 financials, $1.59 billion revenue posted

PlayStation 4 and Xbox One sales helped boost AMD's fourth-quarter financials, the firm has revealed. The company arm responsible saw revenue of $865 million in the period as a result.

GI.biz reports that for the quarter ended December 28, 2013, AMD's Graphical and Visual Solutions division saw revenue of $865 million, an increase on the $326 million earned in the same quarter last year. It should be noted that both PS4 and Xbox One house AMD components, and together have sold over 7 million consoles worldwide.

The arm's operating income rose from $79 million to $121 million for the period, while full-year revenue comes in at $2.2 billion, which is up on the $1.42 billion earned in 2013.

However, AMD's Computer Solutions division suffered a $7 million operating loss in Q4 on revenue of $722 million. The department posted a full-year $22 million operating loss.

AMD's combined divisions posted Q4 revenue of $1.59 billion, a 35 per cent year-on-year increase, equating to net income of $89 million.

In an attached statement, AMD president and CEO Rory Read said of the figures, "Strong execution of our strategic transformation plan drove significant revenue growth and improved profitability in the fourth quarter. The continued ramp of our semi-custom SoCs and leadership graphics products resulted in a 38 percent revenue increase from the year ago quarter. Our focus in 2014 is to deliver revenue growth and profitability for the full year by leveraging our differentiated IP to drive success in our targeted new markets and core businesses."