Intel Posts Record Revenue
Computer chip massive Intel mentioned a jump in quarterly income Tuesday, as its newly diverse product lineup lifted revenues to record highs.
The California tech large said its internet profit for the 0.33 quarter rose 12 p.c from a yr earlier to $3.3 billion (roughly Rs. 20,200 crores), while revenues rose eight % to a file $14.6 billion (roughly Rs. 89,600 crores). Both figures topped analyst forecasts.
“We’re pleased with the aid of the growth the company is making,” stated Intel chief executivebrian Krzanich.
“We carried out our highest-ever revenue and robust earnings within the third quarter. There may be more to do, but our results give us self belief that we’re efficiently executing our technique of extending our merchandise throughout a extensive range of thrilling new markets.”
Intel Posts Record $14.6 Billion Revenue; 12 Percent Jump in Q3 Profit
Intel, the longtime chief in semiconductors for personal computer systems, has been transferring its focus to cell units and related objects, together with a lately introduced coronary heart display which is included in audio headphones.
The chip massive has additionally been helped through a steadier laptop market, which is exhibiting signs of stabilizing after large drops in 2013.
Intel’s computer division delivered revenues of $9.2 billion (roughly Rs. 56,480 crores), up 9 % yr-over-year, while its cloud services and products showed 16 % increase, at $3.7 billion (roughly Rs. 22,700 crores). Revenues linked to the so-referred to as web of things group was once up 14 % at $530 million (roughly Rs. 3,230 crores).
Intel shares rose 0.8 % to $32.46 in after-hours digital trades after the revenue record.