AMD revenue up 23.2 percent as demand grows for chips used in gaming consoles

Reuters News
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Posted: Oct 20, 2016 4:31 PM

(Reuters) - Chipmaker Advanced Micro Devices Inc reported a 23.2 pct percent rise in quarterly revenue as demand jumped for its graphics chips used in gaming consoles.

Net loss widened to $406 million, or 50 cents per share, in the third quarter ended Sept. 24 from $197 million, or 25 cents per share, a year earlier.

The company's revenue rose to $1.31 billion from $1.06 billion.

(Reporting by Laharee Chatterjee and Nayyar Rasheed in Bengaluru; Editing by Maju Samuel)