AMD Continues Profit Streak in First Quarter

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AMD said its strong product line and execution helped it achieve $1.57 billion in revenue during the first quarter and $257 million in profit.

Advanced Micro Devices saw a boost in server and PC revenue in the first quarter, helping the world's second largest chip maker generated $257 million in profit on $1.57 billion in revenue.

The quarter was the second in a row that AMD saw a profit after 12 consecutive quarters of losses.

CEO Dirk Meyer said the company's business was looking up in all areas, including servers and PCs, as well as its growing ATI graphics portfolio.