AMD revenue falls as PC sales continue to decline

Reuters News
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Posted: Apr 16, 2015 4:45 PM

(Reuters) - U.S. chipmaker Advanced Micro Devices Inc reported a 26.2 percent fall in quarterly revenue, hurt by continued weak PC and graphic card sales and intense competition from Intel Corp.

AMD's net loss widened to $180 million, or 23 cents per share, in the first quarter ended March 28, from $20 million, or 3 cents per share, a year earlier.

Revenue fell to $1.03 billion from $1.40 billion.

(Reporting By Arathy S Nair and Lehar Maan in Bengaluru; Editing by Savio D'Souza)