Intel: 22% increase in quarterly net profit.

(CercleFinance.com) - On Thursday evening Intel unveiled Q1 2017 adjusted net income (non-GAAP) that is up 22% at 3.
2 billion dollars, meaning EPS of 66 cents, one cent above the consensus.

While it improved its gross margin by 0.5 point to 63.2%, the microchip giant disappointed in terms of revenue, posting a 7% rise at 14.8 billion dollars, just in line with the consensus.

The company's comments remain very cautious in the PC market and the group has warned that its margins could be affected by rising costs that are associated with these new activities, which require a modernisation of manufacturing processes, broker Aurel BGC underlined.


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