Shulou(Shulou.com)11/24 Report--

On November 2, according to foreign media reports, AMD released its third-quarter results on Tuesday, local time. Its revenue for the quarter was 5.565 billion US dollars, an increase of 29 percent over the same period last year. However, under US general accounting standards, they reported an operating loss of 64 million US dollars and a net profit of 66 million US dollars in the third quarter, down 93 per cent from the same period last year.

According to the information disclosed by AMD in its financial report, they suffered an operating loss under US general accounting standards in the third quarter, and their net profit fell 93% from a year earlier, mainly related to the amortization of intangible assets related to the acquisition of Cyrus and an increase in investment in research and development.

In its earnings report, AMD disclosed that its acquisition-related intangibles were amortized of $590 million in the third quarter, compared with no related expenses in the same period last year, while R & D spending was $1.279 billion, up $514 million from $765 million in the same period last year.

Without the amortization of intangible assets and R & D expenses related to the acquisition, AMD's expenses increased by $1.104 billion in the third quarter. Without this part, their third-quarter operating profit under GAAP would have reached $1.064 billion and their net profit would have been $1.17 billion, both of which would have increased compared with the same period last year.

In addition to the amortization of intangible assets and R & D investment related to the acquisition, the increase in marketing, general and administrative expenses also contributed to the decrease in their profits under GAAP, which was $557 million in the third quarter of this year and $376 million in the third quarter of last year, an increase of $181 million over the same period last year.

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