Intel shows higher profit and readiness to pass through mistakes

April 27, 2018 - By Edwin Martin

Intel shows higher profit and readiness to pass through mistakes

Intel shows higher profit and readiness to pass through mistakes

According to the financial head of Intel, their new forecast for company’s nearest future is about the evolution of Intel into a data-centric producer.

The recent data on the 1st financial quarter earnings show the success. It brings hope to Intel’s investors.

The profit went higher than expected, while Intel Corporation stays calm after flaws in their securities, reported only several months ago, this year.

According to the official data, profit went higher by 50 percent comparing to the same time last year. It is 4.45 billion dollars right now. As for the revenue, it rose by 9 percent and equal to the 16.07 billion dollars.

Meanwhile, server chips sales also increased by 24 percent, covering possible gaps in earnings of this huge international corporation.

For now, the company counts on a unit, which usually brings one-third of its profit, while PC sales are going down, letting smart speakers and mobile devices in general rise up.

Comparing to the sales in 2017, this year began with 45 percent rise thanks to the data center equipment and different cloud providers. Network operators’ sales rose 30 percent up. Sales of enterprise, in general, received 3 percent.

Intel stocks went 5.3 percent up to the 55.86 dollars hours after the official quarterly report was made.

Representatives of the company say that Intel is growing annual forecast of revenue by 4 percent to the 67.5 billion dollars, as well as rising predictions for future earnings based on the positive results.

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