Intel has reported first-quarter revenue of $12,8-billion, operating income of $2,6-billion, net income of $2-billion and EPS of 41 cents.
The company generated approximately $4,4-billion in cash from operations, paid dividends of $1,1-billion, and used $750-million to repurchase 21-million shares of stock.
“Year-over-year revenues were flat, with double-digit revenue growth in the data centre, IoT and memory businesses offsetting lower than expected demand for business desktop PCs,” says Intel CEO Brian Krzanich. “These results reinforce the importance of continuing to execute our growth strategy.”
The Client Computing Group had revenue of $7,4-billion, down 16% sequentially and down 8% year-over-year.
The Data Centre Group reported revenue of $3,7-billion, down 10% sequentially and up 19% year-over-year.
Internet of Things Group revenue was $533-million, down 10% sequentially and up 11% year-over-year.
The software and services operating segments recorded revenue of $534-million, down 4% sequentially and down 3% year-over-year.