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Intel's quarterly profit rises 45 pct
April 27, 2017 / 8:09 PM / 7 months ago

Intel's quarterly profit rises 45 pct

April 27 (Reuters) - Intel Corp, the world’s largest chipmaker, reported a near 45 percent rise in first-quarter profit, helped by strength in its data center business and a stabilizing personal computer market.

The company's net income rose to $2.96 billion, or 61 cents per share, in the quarter ended April 1 from $2.05 billion, or 42 cents per share, a year earlier. (bit.ly/2pr8dBB)

Revenue rose to $14.80 billion from $13.70 billion. (Reporting by Narottam Medhora in Bengaluru; Editing by Savio D‘Souza)

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