Last updated on December 8th, 2022 at 02:04 pm
AMD report published for the first quarter of 2020
The first quarter of 2020 brought AMD record revenue, earnings for the year grew tenfold
Operating profit for the year increased from $ 38 million to $ 177 million, and net profit from $ 16 million to $ 162 million. Non-GAAP accounting yields an operating profit of $ 236 million and a net profit of $ 222 million. The gross profit margin increased from 41% to 46%.
For the current quarter, the revenue of $ 1.85 ± 0.1 billion is projected, corresponding to an annualized growth of 21%. General growth for 2020 is projected at 20-30%.
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