AMD just misses breaking even in the fourth quarter of 2016
by from Techreport on (#2B08G)
AMD's fourth-quarter 2016 financials are in. The company reported $1.1 billion in revenue, up 15% year-over-year, and it held operating losses to just $3 million, down substantially from the $49 million it bled away this time last year. For all of 2016, the company reported $4.27 billion in revenue, up 7% over its 2015 take.
The Computing and Graphics segment enjoyed a 28% year-on-year boost in revenue to $600 million. AMD says this increase is primarily thanks to increased GPU sales. Even with that boost, the ...