Intel enjoys steady growth and healthy profits in Q3 2017
Intel posted its third-quarter financial results this afternoon, and the company is continuing its record of steady growth and healthy profits. According to GAAP, the company took in revenue of $16.1 billion, up 2% year-over-year, or up 6% when excluding results from its McAfee business. The company claimed record operating income of $5.1 billion, up 15% year over year, and net income of $4.5 billion, up 34% from this time last year. Gross margin decreased one percentage point, to 62.3%. Earnings per share were up 36% year-on-year, to $0.94.
The Client Computing Group, which encompasses all of Intel's PC-related businesses, took in $8.9 billion in revenue, unchanged from this time last year. Operating income from the division increased 8% year-on-year to $3.6 billion. Overall platform revenues (a measure ...