Chipmaker AMD reports 25.7 percent rise in quarterly revenue

Reuters News
Posted: Oct 24, 2017 4:33 PM

(Reuters) - Advanced Micro Devices Inc reported a 25.7 percent rise in quarterly revenue on Tuesday, its sixth straight quarter rise, aided by a slew of launches such as the Epyc processors for servers and a new range of Ryzen desktop processors.

The company reported a net income of $71 million, or 7 cents per share, in the third-quarter ended Sept.30, compared with a loss of $406 million, or 50 cents per share, a year earlier.

The chipmaker's revenue rose to $1.64 billion from $1.31 billion.

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Arun Koyyur)