Intel turns in healthy Q4 2017 financials as Spectre and Meltdown loom
Amid some of its stormiest seas in years, Intel released healthy fourth-quarter and full-year 2017 financial results today. The company took in $17.1 billion in revenue for the quarter, up 4% versus a year ago. The company made an operating profit of $5.4 billion for the quarter, up 19% versus a year ago, but that profit was wiped out in part in the final reckoning by a $5.4 billion one-time income tax expense related to foreign earnings under the United States' recent corporate tax reforms. Overall, the company recorded a GAAP net loss of $700 million with that charge. Gross margin increased 1.4 percentage points to 63.1%.
The company's client computing group brought in $9 billion for the quarter , down a hair from $9.1 billion a year ago. Operating income contracted slightly to $3.3 billion, down from $3.5 billion a year ago. Platform revenues (a combined measure of processor and ...