Monday, November 20, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
AMD EPYC Processor Powers the New HPE Gen10 Server
Volvo to Supply Thousands of Self-driving Cars to Uber
Marvell Technology to Buy Cavium for $6 billion
Honor 7X is Official Coming with a FullView Display
Samsung Forecast to Top Intel as Larger Semiconductor Supplier in 2017
Samsung, LG Electronics Cut TV Prices for Black Friday
Toshiba's Board Approves $5 billion Injection to Stay Listed
LG Electronics Launches the ThinQ Hub AI Speaker
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Intel R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 26, 2017
Intel Raises Full Year Revenue, Profit Forecast


Intel raised its full-year revenue and profit forecasts, helped by strong growth in its data center business.

For the full year, the company said it expects to earn, on an adjusted basis, $3.25 per share on revenue of $62 billion.

Intel's third-quarter revenue was $16.1 billion. Excluding McAfee, revenue was up 6 percent year-over-year and data-centric businesses grew 15 percent year-over-year. The data center, Internet of Things and memory businesses all achieved record revenue.

The company also reported record operating income and record earnings per share (EPS), driven by strong data-centric growth, expanding operating margins and gains on the sale of equity investments.

"We executed well in the third quarter with strong results across the business, and we're on track to a record year," said Brian Krzanich, Intel CEO. "I'm excited about our progress and our future. Intel's product line-up is the strongest it has ever been with more innovation on the way for artificial intelligence, autonomous driving and more."

"In the third quarter, we delivered record earnings, exceeded our EPS expectations, and increased our profit expectations for the full year," said Bob Swan, Intel CFO. "We feel great about Intel's transformation and where we are nine months into our three year plan."

In the third quarter, Intel saw strength across the business. The data center, Internet of Things and memory businesses all achieved record quarterly revenue, and Intel extended its leadership with the launches of 8th Gen Intel Core and Intel Xeon Scalable processors. Intel's FPGA business, the Programmable Solutions Group, is experiencing strong momentum, winning designs with automotive and cloud service provider customers that advance Intel's position in artificial intelligence. The company also furthered its autonomous driving efforts with customer wins and the completion of the Mobileye tender offer, four months earlier than
expected.

Revenue from Intel's higher-margin data center business rose 7 percent to $4.9 billion in the third quarter. Revenue from client computing, as Intel calls its PC chip business, remained flat at $8.9 billion.



Previous
Next
Mobile Ad Growth Boosts Alphabet' s Revenue        All News        Microsoft Cloud Continues to Grow, Powers First Quarter Results
Mobile Ad Growth Boosts Alphabet' s Revenue     General Computing News      Microsoft Cloud Continues to Grow, Powers First Quarter Results

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung Forecast to Top Intel as Larger Semiconductor Supplier in 2017
Intel Doubles Capacity of the Optane SSD DC P4800X
AMD's Raja Koduri Joins Intel as Chief Architect for High-End, Discrete Graphics Solutions
New Intel Core Processor Combines High-Performance CPU with Custom Discrete Graphics from AMD
Intel to Add AMD Radeon Graphics to New Laptop Processor
Intel Launches the Blazing-Fast Optane 900P SSD
ARM-based Intel Stratix 10 FPGA Launches for 5G, NFV and Data Centers
Intel Capital Announces $60 million of New Investments in Data-Focused Startups
Intel Health Application Platform Helps Health Care Providers Reduce Hospital Readmissions
Globalfoundries and Intel to Talk About 10, 7nm at IEDM
Intel and Mobileye Offer Present Algorithms to Prove the Safety of Autonomous Vehicles
Intel Advances Artificial Intelligence With Nervana Neural Network Processor

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .