The Chips Are Down, Intel Rises
The chip maker’s third-quarter revenue of $13.5 billion, up 5%
Intel CEO Brian Krzanich said the third quarter result was as expected, with “modest growth in a tough environment”.
“We’re executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors.”
Since August, Intel has been riding the ultra- mobility and Internet-of-Things wave, launching 40 new products including 4th generation Core processors for Ultrabooks, tablets.
However, there was better news on the net profit front – up 48% q-o-q to $3 billion.
Q3 earnings per share also rose 49% to $0.58.
PC Client Group’s revenue slumped 3.5% year-over-year to $8.4 bn, although rose 3.4% sequentially.
Other operating segments, including Data Centre Group, also
There was also good news on the gross margin front –
However, Intel predicts Q4 revenue to rise just slightly from