AMD reported for the second quarter of 2017
AMD has published a report for the second quarter of 2017. The reporting period brought her to 1.22 billion dollars in revenue. This is 24% more than in the previous quarter, when AMD’s revenue amounted to 984 million dollars, and 19% more than in the second quarter of last year, when the income was equal to 1.03 billion dollars.
Operating profit was $ 25 million. For comparison: in the previous quarter, the company incurred operating losses of $ 29 million dollars, and a year ago — 8 million dollars.
The quarter ended with a net loss of $ 16 million dollars. It’s better than in the previous quarter, when net loss was equal to 73 million dollars, but worse than the figure for the second quarter of last year, when there was recorded a net profit of 69 million dollars.
The calculation methodology GAAP gives value operating and net profit, equal to 49 and 19 million dollars respectively.
As at the end of the reporting period at the disposal of AMD had cash and cash equivalents in the amount of 844 million dollars.