Close
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Menu
eWEEK.com
Search
eWEEK.com
  • Latest News
  • Cybersecurity
  • Big Data and Analytics
  • Cloud
  • Mobile
  • Networking
  • Storage
  • Applications
  • IT Management
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Latest News
    • PC Hardware

    Intel Earnings Beat Street, Despite Worldwide Dip in PC Sales

    By
    CHRIS PREIMESBERGER
    -
    July 28, 2017
    Share
    Facebook
    Twitter
    Linkedin
      Intel.SSD

      Intel squarely beat the so-called Street July 27 when it brought in Q2 2017 revenue of $14.76 billion versus $14.41 billion expected by Thomson Reuters analysts.

      As a result, the stock took a 4 percent jump in after-the-bell trading on the positive news. Earning per share amounted to 72 cents against 68 cents in EPS expected by the analysts.

      The results were quite welcome at the company headquarters in Santa Clara and among investors after the world’s largest chipmaker barely beat expectations on EPS and undercut expectations on revenue in Q1 2017.

      Despite the fact that PC shipments worldwide continue to decline, the Client Computing Group made a strong showing with 12 percent revenue growth at $8.2 billion in revenue.

      Among Intel divisions, the top financial performer was the Non-Volatile Memory Solutions Group, whose revenue of $874 million was a record high–up year over year by 58 percent.

      The company’s Data Center Group saw its revenue improve 8 percent year over year, compared with the Client Computing Group’s 2 percent growth. The Data Center Group was up 9 percent at $4.4 billion.

      Meanwhile, the company has been talking up its opportunity in artificial intelligence, thanks to acquisitions of companies like Altera, Nervana, Mobileye and Movidius.

      As for Q3 2017 guidance, Intel said it’s expecting 80 cents in earnings per share on $15.7 billion in revenue. For the full year, the company expects $3 in earnings per share and $61.3 billion in revenue.

      CEO Brian Krzanich told analysts on the conference call that he is committed to a spending target of 30 percent of revenue and that he’s expecting the company to reach that goal no later than 2020. The company will make these ongoing changes to meet that goal while also driving growth, Krzanich said.

      “Intel had a very good Q2. What struck me was the diversity of their revenue and their ability to grow in areas where many doubted they could see a lot of growth or success,” Moor Insights principal Patrick Moorhead said in a media advisory. “IoT grew 26 percent, flash memory grew 58 percent, and cloud and comms service providers grew 35 percent and 17 percent respectively. Even notebooks grew 20 percent, a big surprise to me.

      “The things to factor in the future equation is when Nervana, Optane and MobileEye all get fully on-line, counterbalanced by some of the competitive impact in AI and general-purpose x86 processors.

      “All in all, this was a very solid quarter and gives indications of some many positive things for the future for Intel.”

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      CHRIS PREIMESBERGER - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      CHRIS PREIMESBERGER - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cybersecurity

      How Veritas Is Shining a Light Into...

      EWEEK EDITORS - September 25, 2020 0
      Protecting data has always been one of the most important tasks in all of IT, yet as more companies become data companies at the...
      Read more
      Big Data and Analytics

      How NVIDIA A100 Station Brings Data Center...

      ZEUS KERRAVALA - November 18, 2020 0
      There’s little debate that graphics processor unit manufacturer NVIDIA is the de facto standard when it comes to providing silicon to power machine learning...
      Read more
      Apple

      Why iPhone 12 Pro Makes Sense for...

      WAYNE RASH - November 26, 2020 0
      If you’ve been watching the Apple commercials for the past three weeks, you already know what the company thinks will happen if you buy...
      Read more
      eWeek


      Contact Us | About | Sitemap

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Property of TechnologyAdvice.
      Terms of Service | Privacy Notice | Advertise | California - Do Not Sell My Info

      © 2020 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×