AMD reveals rubbish results
 

AMD released its first quarter financial results and it seems the company is slumping further into the red.

The outfit reported revenue of $1.03 billion for the quarter. This is a 16.9 percent decrease as compared to fourth quarter of 2014, and a 26.4 percent decrease from the $1.40 billion recorded during the same time last year.

Operating income was an operating loss of $137 million, which is a substantial decrease in loss as compared to the last quarter where it had an operating loss of $330 million. In the first quarter of 2014 it had a small operating income of $49 million.

What looks like a slight improvement over quarters is also a significant reduction year-over-year. Net loss for the quarter was $180 million which was better than the same time last year where there was a $364 million loss, but much worse than the $20 million loss in Q1 2014.

Part of these losses are due to the restructuring at AMD. One of the new restructuring fees is due to the exit from the Seamicro branded dense server business, which has cost it an additional $75 million this quarter, including $7 million in cash.

AMD’s operating loss is $30 million, however that is still down significantly from the $89 million operating income in Q1 2014, and the $52 million operating income from last quarter.

http://www.techeye.net/business/amd-...ubbish-results