AMD has reported another poor quarter as the company continues to restructure its core businesses.
For the quarter, the company had revenue of $1.03 billion, a large 26.4 percent decrease year-over-year and the company had a net loss of $180 million.
A good chunk of the losses came via the ongoing restructuring fees AMD is paying to get out of the dense server business, where it is winding down its Seamicro brand. For the quarter, the wind down cost $75 million.
Computing and Graphics saw a major 38 percent revenue decline year-over-year thanks to lower desktop and notebook processor sales as well as GPU channel sales. The Enterprise, Embedded and Semi-Custom segment fared better with a mere 7 percent YoY decline in revenue. AMD saw the declines due to lower server processor sales. The company is now banking on the upcoming Carrizo APU to offset losses.
Source:
Anand
A good chunk of the losses came via the ongoing restructuring fees AMD is paying to get out of the dense server business, where it is winding down its Seamicro brand. For the quarter, the wind down cost $75 million.
Computing and Graphics saw a major 38 percent revenue decline year-over-year thanks to lower desktop and notebook processor sales as well as GPU channel sales. The Enterprise, Embedded and Semi-Custom segment fared better with a mere 7 percent YoY decline in revenue. AMD saw the declines due to lower server processor sales. The company is now banking on the upcoming Carrizo APU to offset losses.
Source:
Anand
