Thursday, November 23rd, 2017

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Intel Sees Record Profits

Intel saw record profits with rising server sales.Intel, long one of the largest names in personal computing, surprised the market by announcing record-high earnings through its fourth quarter.

The company brought in a total of $14.2 billion with $3.5 billion profits, increasing revenue by 28 percent year-over-year and profit by 17 percent. The company saw similar substantial jumps from the second quarter of the year, increasing revenue 9 percent and profit by 17 percent.

“Intel delivered record-setting results … driven largely by double-digit unit growth in notebook PCs,” said Paul Otellini, Intel president and CEO. “We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing.”

The success is notable in particular because of the difficulties Intel has faced from the rise of the smartphone and tablet, both of which have eaten into the company’s traditional markets.

The New York Times reports that the rapid growth of the server market could help to sustain Intel even as more energy-efficient chip designs, those more popular in mobile devices, struggle to gain acceptance for use in large-scale servers. After doubling within the last decade, the sector is set to double again by 2016.

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