Intel reports record turnover and doubles up on profit

by Hilbert Hagedoorn on: 07/28/2017 06:52 AM | source: | 46 comment(s)

Intel reached a new high as they had a record revenues of $ 14.8 billion USD in the second quarter of this year. That is a 9 percent growth over the same period in 2016.

The quarterly profit has risen from $ 1.3 billion ($ 1.11 billion) last year to $ 2.8 billion (2.4 billion) in the past three months. Thuis Intels profits have been doubled.

The revenues increases mainly are based on, among other things, to the growth in data centers. Revenues totaled $ 4.4 billion (3.77 billion), 9 percent more than a year earlier. Intel exceeded expectations of analysts with its quarterly figures.

The strong results make Intel positive about the expectations for the rest of the year. The company expects an annual turnover of $ 61.3 billion. A good 1.3 billion dollars more than previously anticipated.

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cryohellinc
Senior Member

Posts: 3122
Joined: 2014-10-20

#5456445 Posted on: 07/28/2017 09:17 AM

I bet those stats are deliberately inflated by them.

Exascale
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Posts: 397
Joined: 2017-06-09

#5456464 Posted on: 07/28/2017 10:39 AM

Short intel. Long AMD.

chronek
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Posts: 185
Joined: 2016-09-19

#5456478 Posted on: 07/28/2017 11:08 AM

are bribes for monopoly so profitable?

cryohellinc
Senior Member

Posts: 3122
Joined: 2014-10-20

#5456486 Posted on: 07/28/2017 11:26 AM

are bribes for monopoly so profitable?

They aren't, hence as ive said the figures are inflated for "good report".

In actuality, at least 50% of those profits goes out as bribes (IF not more lol!).

Silva
Senior Member

Posts: 1122
Joined: 2013-06-04

#5456494 Posted on: 07/28/2017 12:01 PM

Monopoly is bad, ok?

are bribes for monopoly so profitable?

In the short term? Yes.

On the long run? Who knows?

Personally I will avoid buying Intel unless they have the best price/performance at my budget level, witch I doubt.

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