AMD posts an operational profit for the third quarter

@ 2008/10/17
Finally. After seven quarters of crushing financial losses, AMD has posted its first operational profit since Q3 2006. For the third quarter of this year, AMD says it saw revenue of $1.776 billion, operational income of $131 million, and a net loss of $67 million.

Indeed, AMD still recorded a net loss for the third quarter. However, AMD CFO Bob Rivet says, "We are pleased to have reached our goal of operational profitability this quarter." Rivet praises a 55% sequential growth in graphics revenue and a 46% growth in quad-core processor shipments. All in all, AMD saw its revenue rise 32% from to the previous quarter and 14% from to the third quarter of 2007. The company's gross margin also jumped to 51%, although six points of that correspond to "process technology license revenue."

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