In Q4 2009 AMD reported its first profitable quarter in years, and, according to Q1 earnings data released on Thursday, the company is staying in the green.

AMD reported revenues of $1.57 billion and profits of $257 million in the first quarter of 2010. A year ago, the outfit posted a $416 million loss and $1.18 billion of revenues. AMD also managed to beat its Q4 2009 results, but the company expects the upcoming quarter to be slightly down due to seasonal trends.

AMD CEO Dirk Meyer said that the results can be attributed to AMD's strong product portfolio and noted that recently introduced DirectX 11 graphics, as well as sever and mobile platforms, should continue to strengthen AMD's position.

AMD shares closed at $10.16 in regular trading, but it dropped under $10 in after-hours trading. Considering it was selling around the $2 mark some two years ago, some lucky investors should be more than pleased.