Intel reports Third-Quarter revenue Of $13.5 billion

18th October 2013 | By Mouseworld Now Correspondent |

intel-logoNew Delhi, India, October 18, 2013: Intel Corporation today reported third-quarter revenue of $13.5 billion, operating income of $3.5 billion, net income of $3.0 billion and EPS of $0.58. The company generated approximately $5.7 billion in cash from operations, paid dividends of $1.1 billion, and used $536 million to repurchase 24 million shares of stock.

Intel CEO Brian Krzanich said, “The third quarter came in as expected, with modest growth in a tough environment. We’re executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors. Since August we have introduced more than 40 new products for market segments from the Internet-of-Things to datacenters, with an increasing focus on ultra-mobile devices and 2 in 1 systems.”

Q3 Financial Information:

PC Client Group revenue of $8.4 billion, up 3.5 percent sequentially and down 3.5 percent year-over-year.

Data Center Group revenue of $2.9 billion, up 6.2 percent sequentially and up 12.2 percent year-over-year.

Other Intel architecture operating segments revenue of $1.1 billion, up 13.3 percent sequentially and down 9.3 percent year-over-year.

Gross margin of 62.4 percent, 1.4 percentage points above the midpoint of the company’s prior expectation of 61 percent.

R&D plus MG&A spending of $4.7 billion, slightly below the company’s prior expectation of approximately $4.8 billion.

Tax rate of 25 percent versus the company’s prior expectation of 26 percent.
For additional information regarding Intel’s results and Business Outlook, follow given link www.intc.com/results.cfm.

 

© Mouseworld Now News Service

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