AMD has posted its financial results on Thursday and despite an operating loss, AMD has actually performed above analyst prediction and scored a revenue of US $1.09 billion.

Wall Street analysts expected AMD's revenue to be somewhere around US $1 billion and AMD managed to just barely beat it with a revenue of US $1.09. It is still bad as the last quarter revenue was at US $1.59 billion. It announced an operating loss of US $98 and a net loss of US $146 million ending up with sale results that are worse than those in Q1 2009, one of the worse time for PC industry. On the other hand, the US $146 million loss can be considered great compared with a loss of US $590 million reported in the last quarter.

On the other hand, AMD scored both the Nintendo Wii U and the Sony PS4 deal while rumored Microsoft Xbox Next deal is all but confirmed. AMD's president and CEO, Rory Read noted that this quarter results reflects disciplined operational execution in a difficult market environment and that should result in accelerated business in the rest of the 2013.

AMD's Computing Solutions part reported revenue of US $751 million, down by 9 percent due to lower desktop, notebook and chipset sales. AMD Graphics part reported revenue of US $337 million, which is actual up by 3 percent compared to earlier quarters. The Graphics part did well thanks to Never Settle Reloaded bundle deal, record workstation graphics sales and game console royalties.

AMD expect a rise of 2 percent sequentially in revenue for next quarter.

Source: AMD.com.