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AMD posts an operational profit for the third quarter AMD posts an operational profit for the third quarter
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AMD posts an operational profit for the third quarter
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Old 17th October 2008, 19:34   #1
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Default AMD posts an operational profit for the third quarter

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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