Hardware giant AMD saw a 69 per cent increase in its computing and graphics segment for the last quarter owing to strong sales of Ryzen CPUs and Radeon GPUs.
In the company's financial report for the three months ending December 31st, 2019 – and the full financial year – AMD says this segment of its business brought in $1.66bn for the quarter. Ryzen also boosted the company's operating income due to higher profits drawn from the CPUs. In total, the company made $2.13bn in revenue for the three month period.
For the full financial year, AMD saw a four per cent increase in revenue in total, with the company saying this was driven by its computing and graphics section. This did some work to offset lower revenue in other areas.
“2019 marked a significant milestone in our multi-year journey as we successfully launched and ramped the strongest product portfolio in our 50-year history,” the company's president and CEO Dr. Lisa Su (pictured) said.
“We delivered significant margin expansion and increased profitability as we gained market share with our Ryzen and EPYC processors. Our focused execution and the investments we made in our high-performance computing roadmaps position us well for continued growth in 2020 and beyond.”