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Intel Corp  (INTC)
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EARNINGS REPORT by CSIMarket

Sales led by Data Center Group section


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Intel Corp announced first quarter 2017 operating income of $3599 millions, company cut's Sales expectations



Sales for the first quarter 2017 increased by 7.98 % to $14.80 billions in comparison to $13.70 billions on a year-over-year basis, company posted earnings growth of 45.24 % to $0.61, as comparison at $0.42 in the prior year quarter.

In contrast to the forth quarter 2016 Sales deteriorated by -9.64 % from $16.37 billions and profits fell by -16.39 % from $0.73 per share.
Intel Corp told that it's good performance came from several different businesses, Data Center Group +11.89%, All other +18.61%, while following sections logged decrease in revenues PC Client Group -7.44%, Internet and Things Group -71.51%, Software Services Group -0.36%.

With rising profits in Data Center Group and Software Services Group sections, and oblivious to shrinking profits in PC Client Group and Internet and Things Group segment.
All other segment cut it's deficit to $-621.0 million. Net income of $2,964 millions in the first quarter 2017 increased by 44.87 % from net earnings of $2,046 millions reported in the first quarter 2017 a year ago. Intel Corp also emphasized it's improving profit margins, where net margin rose to 20.03% in first quarter 2017, and operating margin edged up to 24.32%. Intel Corp lowered it's annual revenue forecast by $ -70 millions, now company expects to revenues from $55,241 millions to $55,241 millions.
1All other segments have decreased the loss.
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