Jiahui Huang via flickr
According to the results of the first three calendar months of 2017, Intel's revenue reached 14.8 billion, which is 8% more than a year earlier. The adjusted profit, which does not take into account a number of irregular sources of income and expenses, was 66 cents per share, while analysts surveyed by Thomson Reuters I/B/E/S expected 65 cents per share on revenue of $ 14.81 billion.
Intel revenue growth was boosted by 6% year-on-year sales of computer processors, which bring the company more than half of the revenue. Operating profit in this business jumped by 61% due to the sale of expensive chips. Revenues of the unit amounted to $ 7.976 billion.
The revenue from the Data Center Group, which manufactures chips for data centers, rose 5.8% year-on-year to $ 4.232 billion. The analysts questioned by FactSet StreetAccount predicted a 10% rise in Intel's server business. The slow dynamics of changes in Data Center Group’s revenues is explained by the growing costs associated with the transition to a new technological process for the production of microcircuits for servers. The company expects revenue growth from the server business by at least 10% in 2017.
Revenue of the unit responsible for solutions for the Internet of Things, IoT, increased by 11% to $ 721 million.
Operating cash flow Intel in the past quarter was $ 3.9 billion. The company paid dividends totaling $ 1.2 billion, and also spent $ 1.2 billion on 35 million-worth buyback.
Intel’s Board of Directors approved a new program for the purchase of shares for $ 10 billion, and taking into account the funds remaining from the previous program, the total amount allocated by the company for the purchase of shares is about $ 15 billion.
According to Intel's forecasts, the company's total revenue in 2017 will reach $ 60 billion, and adjusted earnings will be $ 2.85 per share. "The first quarter was another record quarter ... We continued to increase our company’s size, released our new revolutionary memory technology Optane and prepared Intel for leadership in new areas such as artificial intelligence and autonomous driving", said the company’s CEO Brian Krzanich.
Despite the increase in the forecast, Intel quotes on Thursday, April 27, fell by 4% during additional trades after the termination of the main. Over the past year, the company's shares have fallen in price by 2%.
source: reuters.com
Intel revenue growth was boosted by 6% year-on-year sales of computer processors, which bring the company more than half of the revenue. Operating profit in this business jumped by 61% due to the sale of expensive chips. Revenues of the unit amounted to $ 7.976 billion.
The revenue from the Data Center Group, which manufactures chips for data centers, rose 5.8% year-on-year to $ 4.232 billion. The analysts questioned by FactSet StreetAccount predicted a 10% rise in Intel's server business. The slow dynamics of changes in Data Center Group’s revenues is explained by the growing costs associated with the transition to a new technological process for the production of microcircuits for servers. The company expects revenue growth from the server business by at least 10% in 2017.
Revenue of the unit responsible for solutions for the Internet of Things, IoT, increased by 11% to $ 721 million.
Operating cash flow Intel in the past quarter was $ 3.9 billion. The company paid dividends totaling $ 1.2 billion, and also spent $ 1.2 billion on 35 million-worth buyback.
Intel’s Board of Directors approved a new program for the purchase of shares for $ 10 billion, and taking into account the funds remaining from the previous program, the total amount allocated by the company for the purchase of shares is about $ 15 billion.
According to Intel's forecasts, the company's total revenue in 2017 will reach $ 60 billion, and adjusted earnings will be $ 2.85 per share. "The first quarter was another record quarter ... We continued to increase our company’s size, released our new revolutionary memory technology Optane and prepared Intel for leadership in new areas such as artificial intelligence and autonomous driving", said the company’s CEO Brian Krzanich.
Despite the increase in the forecast, Intel quotes on Thursday, April 27, fell by 4% during additional trades after the termination of the main. Over the past year, the company's shares have fallen in price by 2%.
source: reuters.com
