Intel reported first-quarter GAAP revenue of$13.7 billion, operating income of $2.6 billion, net income of $2.0 billion and EPS of 42 cents. The company generated approximately $4.0 billion in cash from operations, paid dividends of $1.2 billion, and used $793 million to repurchase 27 million shares of stock.
“Our first-quarter results tell the story of Intel’s ongoing strategic transformation, which is progressing well and will accelerate in 2016,” said Brian Krzanich, Intel CEO. “We are evolving from a PC company to one that powers the cloud and billions of smart, connected computing devices.”
Segment highlights:
- Client Computing Group revenue of $7.5 billion, down 14 percent sequentially and up 2 percent year-over-year
- Data Center Group revenue of $4.0 billion, down 7 percent sequentially and up 9 percent year-over-year
- Internet of Things Group revenue of $651 million, up 4 percent sequentially and up 22 percent year-over-year
- Non-Volatile Memory Solutions Group revenue of $557 million, down 15 percent sequentially and down 6 percent year-over-year
- Intel Security Group revenue of $537 million, up 5 percent sequentially and up 12 percent yearover-year
- Programmable Solutions Group revenue of $359 million, which does not include $99 million of revenue as a result of acquisition-related adjustments.
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