10nm is great, but so is $19.2 billion
Subject: General Tech | October 26, 2018 - 03:41 PM | Jeremy Hellstrom
Tagged: quarterly earnings, Intel
Intel's earnings do not seem to have been hurt by their lack of 10nm processors nor the departure of Brian Krzanich, their revenue is up 19% from this time last year and represents the best quarter they have ever had. Of that $19.2 billion in income, net income was $6.4 billion; no wonder they could afford to take Ryan away!
The two stand out business units were the Intel Data Center Group and the relatively new IoT division, signifying their plan to prioritize data center products is fairly effective at producing profit. The Register has more detailed breakdowns on the numbers here.
"On a conference call for investors, Swan said, "This quarter was the best in our 50-year history," adding: "We expect 2018 to be the best year ever, and our third record year in a row."
Here is some more Tech News from around the web:
- Shingled-minded Western Digital insists its latest hard drive sets disk capacity record @ The Register
- Asustek may be world's only maker to ship over 10 million motherboards in 2019 @ DigiTimes
- Easy-to-exploit privilege escalation bug bites OpenBSD and other big name OSes @ Ars Technica
- China Telecom Hijacks US, Canadian Internet Traffic On a Regular Basis, Report Says @ Slashdot