Intel posts solid Q3 with record revenues in IoT and data center
The chipmaker posted strong top line growth that included a boost in client computing revenues.
Stephanie Condon
By Stephanie Condon for Between the Lines | October 18, 2016 -- 20:31 GMT (21:31 BST) | Topic: PCs
Intel posted solid third quarter results on Tuesday, with growth in its client computing group as well as record revenues in strategically important areas like its Internet of Things group and data center group.
The company reported non-GAAP earnings of 80 cents a share, on revenue of $15.8 billion. Wall Street was looking for earnings of 72 cents a share on revenue of $15.58 billion.
"It was an outstanding quarter, and we set a number of new records across the business," CEO Brian Krzanich said in a statement. "In addition to strong financials, we delivered exciting new technologies while continuing to align our people and products to our strategy. We're executing well, and these results show Intel's continuing transformation to a company that powers the cloud and billions of smart, connected devices."
