AMD posts operating loss, but solid growth for data center, embedded segments
Wednesday 2 November 2022
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AMD announced third quarter results this week, and while it posted a $64 million loss in terms of overall operating income—mainly due to its acquisition of Xilinx—but large gains in the company’s data center, embedded and gaming segments provided an encouraging note.
Total revenue rose by 29% for the third quarter of 2022, to $5.56 billion from $4.31 billion one year ago. Gross profit also rose in year on year terms, from $2.08 billion in last year’s third quarter to $2.35 billion for the past three months. The decline in operating income was caused by much higher operating expenses, which more than doubled in the third quarter, rising from $1.14 billion a year ago to $2.42 billion in the most recent figures.
from Network World https://ift.tt/XKolm21
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