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Intel reports record operating income of $5.1 billion in Q3 2017

by Mark Tyson on 27 October 2017, 11:31

Tags: Intel (NASDAQ:INTC)

Quick Link: HEXUS.net/qadm6c

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Intel released its latest quarterly earnings report at the end of trading yesterday in the USA. The key messages CEO Brian Krzanich wants to pass on are that Intel enjoyed “strong results across the business,” and that the corporation is “on track to a record year”.

Headlining financial data is summarised in the chart above. As you can see, Intel generated $16.1 billion in revenue during Q3 2017. From that it managed to hold onto $5.1 as profits. Examining the separate parts of the business, every segment except for Client Computing Group (the bit we are most interested in at HEXUS – the PC business) enjoyed good growth, particularly the Internet of Things Group and Non-Volatile Memory Solutions Group.

Though the Client Computing Group revenue trended flat, it is still a bigger business than all the other segments put together and Intel should do more to strengthen its prospects. Intel still aims to transform “from PC-centric to Data-centric,” as you can see from the ‘flavour’ of the slide below.

Though revenue was flat for Client Computing, Intel still managed to squeeze more out of PC enthusiasts as can be seen by the rise of operating margin from 37 to 41 per cent.

Key events of the most recent quarter include the rollout of Xeon Scalable, 8th Gen Core processors, and 64-layer SSD for data centres. Intel also completed a key investment in Mobileye, announced a design win with Waymo, made important AI advances with Loihi and Nervana, and has signed long-term NAND supply agreements worth more than $2 billion.



HEXUS Forums :: 4 Comments

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Interestingly revenue on the consumer side was flat and margins slightly dropped. I wonder why??
Amd's revenue is up 26% and their stocks drop. intel revenue is up less and their stocks dont drop. some-one is causing this to happen. its probably intel employees with AMD stock messing with the market.
Nah, but it's easy to think that. It's a shame that Intels many malpractices over the years have rewarded them the position of being so powerful, even mediocore is “brilliant”

AMD simply have a way to go still, but they look very promising. What you have to understand is all of these money men (trillions in world markets) have alot invested not only in Intel, but in comoanies who are tied to them in one waybor another.

It will be a gradual process for this shift, but once it builds momentum it will build up some speed. Money men are fightened to jump ship, they have it very comfortable controlling and abusing markets
elites2012
Amd's revenue is up 26% and their stocks drop. intel revenue is up less and their stocks dont drop. some-one is causing this to happen. its probably intel employees with AMD stock messing with the market.

Selling off AMD stock to drop the share price would mean intel would have had to buy vast quantities of AMD stock beforehand, effectively giving AMD money