AMD reports 2014 first quarter results

SUNNYVALE, Calif., April 19, 2014: AMD has announced revenue for the first quarter of 2014 of $1.40 billion, operating income of $49 million and net loss of $20 million, or $0.03 per share. The company reported non-GAAP operating income of $66 million and non-GAAP net income of $12 million, or $0.02 per share.

AMD president and CEO Rory Read said, “AMD continued our momentum by building on the solid foundation we set in the second half of 2013, further transforming the company. Backed by our powerful x86 processor cores and hands-down best graphics experiences, we achieved 28 percent revenue growth from the year-ago quarter. We are well positioned to continue to grow profitably as we diversify our business and enable our customers to drive change and win.”