AMD Executive Expects Minimal Dilution In First Year Following ZT Systems Acquisition, With Revenue From Service Support And GPU Sales Offsetting Impact; Addition Of 1,000 Employees To Result In $150M Annualized Operating Funds
Portfolio Pulse from Benzinga Newsdesk
AMD executive anticipates minimal dilution in the first year after acquiring ZT Systems, with revenue from service support and GPU sales expected to offset the impact. The acquisition will add 1,000 employees, resulting in $150 million in annualized operating funds.
August 19, 2024 | 12:54 pm
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AMD's acquisition of ZT Systems is expected to result in minimal dilution in the first year, with revenue from service support and GPU sales offsetting the impact. The addition of 1,000 employees will contribute $150 million in annualized operating funds.
The acquisition of ZT Systems by AMD is expected to have a positive impact on AMD's financials, with minimal dilution due to offsetting revenues from service support and GPU sales. The addition of 1,000 employees and $150 million in operating funds further supports a positive outlook.
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