AMD posts another quarterly loss
AMD today reported another quarterly loss.
Revenue for the Q3 '09 was $1.396 billion, up 18% compared to Q2 '09 and a decrease of 22% compared to the Q3 '08. However, the company still posted a loss of $128 million, or $0.18 per share.
“Strong demand for our product and platform offerings combined with disciplined execution resulted in AMD Product Company achieving profitability in the third quarter,” said Dirk Meyer, AMD president and CEO. “Growth in microprocessor and graphics unit shipments drove an 18% sequential revenue increase, while improved factory utilization rates, higher microprocessor average selling price and an increase in 45nm product shipments resulted in a gross margin improvement from the prior quarter.”
Seems that AMD is heading towards making a profit, albeit slowly.