Close
Close

Published

As stock market shudders, Intel’s IoT Group still hasn’t hit $1bn/Q

Intel’s Q3 results were record-breaking, totaling $19.2bn across the entire business, and up 19% compared to Q3 2017. It beat the investment community’s average expectation by about $1bn, and the Earnings-per-Share (EPS) figures will have added some shine – up 47% year-on-year. Net income was $6.4bn, a 42% increase, with gross margin at 64.5%, up by around 2.2%. So while this is good for the share price, it’s disappointing to see that this titan still hasn’t managed to break the $1bn per quarter threshold. The Client Computing Group grew 16%, hitting $10.2bn in the quarter, and the Data Center Group grew 26% in a year to hit $6.1bn in the quarter. The Non-Volatile Memory Solutions group was up 21% year-on-year,…

Close