AMD stayed 100% in the black in Q3 2017
AMD has posted its third-quarter financials, and the company ended up in the black across the board. The company took in revenue of $1.64 billion, up 26% year-over-year. The company's third-quarter operating income of $126 million stands in stark contrast to the $293 million operating loss the company posted a year ago, and the company's net income of $71 million finishes off a fully profitable quarter. Earnings per share rang in at $0.07, compared to a $0.50 loss per share a year ago, and gross margin increased 30 points year-over-year to 35%.
The Computing and Graphics division drove the rosy results with $819 million in revenue, up 74% year-on-year, thanks to what the company calls strong sales of Radeon graphics cards and Ryzen desktop CPUs. The Ryzen tide lifted ...