AMD enjoys massive revenue and profit growth in Q1 2018
by from Techreport on (#3NNXJ)
In the wake of a solid second-generation Ryzen CPU launch, AMD reported its first-quarter 2018 financial results this afternoon. The company announced revenue of $1.65 billion, up 40% year-on-year, and operating income of $120 million, up a whopping 990% from $11 million a year ago. To wrap up a fine quarter, the company reported net income of $81 million, reversing a course charted by a $33 million net loss a year ago. The company earned eight cents per share, up from a four-cent-per-share loss a year ago. Gross margin was 36%, up four percentage points.
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