AMD takes a $403 million loss for 2014

In AMD's final earnings call of its 2014 financial year, the company reported a whopping $364 million net loss on $1.24 billion in revenue for the quarter, wiping out the profits it had eked out earlier in the year. The result: a $403 million loss for the year, despite an increase in overall revenue of four per cent year-on-year to $5.51 billion.

The bulk of the company's poor performance is being blamed on a $233 million unspecified 'goodwill impairment charge,' while a further $71 million has been spent so far in service of Su's restructuring exercise. Another $58 million was burned on inventory adjustment, largely due to excess stock of the company's second-generation APU products.

Source: Bit-Tech