AMD reports more losses while Google sees higher profits
Though Intel may be experiencing a smaller hit to its bottom line, the decline of PC sales last quarter had a larger impact on AMD. The chipmaker continues to dig deeper in the red and, as of Q2 2015, it had posted its lowest sales ever in the past 12 years.
AMD sales have fallen by 35 percent year-to-year from $1.446 billion USD to just $942 million. Net losses have also been disastrous during the same period from $36 million to $181 million. The poor financial results can be attributed to slow sales of its processors and Radeon GPUs. This will make it much more difficult for AMD to implement potential long-term strategies for growth.
Meanwhile, Google has reason to celebrate as Q2 2015 saw $17.727 billion in revenue compared to $15.955 billion the year before for an increase of 11.1 percent. About $12.4 billion of that revenue came from Google's own websites, while $3.621 billion came from partner sites. Net profit has also climbed 17.3 percent from $3.351 billion to $3.931 billion. Overall, advertising revenue amounted to 16.023 billion for the search giant.