AMD closes out its fiscal 2017 with another fully profitable quarter
AMD announced its fourth-quarter 2017 financial results and full-year 2017 financials this afternoon. On the way to another fully profitable quarter under GAAP, the company took in $1.48 billion in the fourth quarter of last year, up 34 percent year-over-year, and it posted operating income of $82 million, compared to a $3 million loss a year ago. The company's net income also stayed in the black with a $61 million result, compared to a net loss of $51 million a year ago. Gross margin was 35%, up three percentage points on the year.
The company's Computing and Graphics business brought in $958 million in revenue, up 60% on the year. AMD attributed this performance to strong sales of Ryzen CPUs and Radeon graphics processors. The division ...