Advanced Micro Devices (NASDAQ: AMD) today reported its first quarter financial results for the period ended March 27, 2021.
Net income for the first quarter was $555 million, or $0.45 per share, compared to net income of $162 million, or $0.14 per share in the first quarter of 2020.
Total revenues increased 93% to $3.44 billion.
Shares up nearly 4% during the after hours following the earnings announcement.
The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data
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