Intel posts strong growth in the third quarter of 2016
by from Techreport on (#1YKQ8)
Intel wiped away any bad feelings from its bumpy second quarter yesterday with what it describes as record revenues and strong profitability. For the third quarter of 2016, the company took in $15.8 billion in revenue, a nine-percent year-on-year increase, and made $4.5 billion in operating income, up six percent from this time last year.
While CEO Brian Krzanich touted the company's continuing metamorphosis into a cloud-computing and Internet of Things company, Intel's traditional businesses also turned in strong results. The Client Computing Group took in $8.9 billion in revenue, up five ...