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Intel Reports Q4 2017 Financial Results

Intel Reports Q4 2017 Financial Results

Intel Corporation shared long awaited financial results from the 4th quarter and at the same time whole year 2017. Record fourth-quarter revenue was $17.1 billion and record full-year revenue was $62.8 billion. Excluding McAfee, fourth-quarter revenue grew 8 percent year-over-year with data-centric revenue up 21 percent, and full-year revenue grew 9 percent year-over-year. In 2017, Intel generated a record $22 billion cash from operations and returned nearly $9 billion to shareholders. In 2018, Intel expects another record year and is raising its quarterly cash dividend 10 percent on an annual basis.

Intel is making the investors happy once again as the board of directors decided to increase its cash dividend to $1.20 per-share on an annual basis, a 10 percent increase! “2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric businesses,” said Brian Krzanich, Intel CEO. “The strategic investments we’ve made in areas like memory, programmable solutions, communications and autonomous driving are starting to pay off and expand Intel’s growth opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers.”

The Company reported a $9.6 billion of Net Income in 2017 (GAAP – down 7%) and as much as $16.8 billion (non-GAAP – up 27%). In the fourth quarter, Intel saw strong performance from data-centric businesses, which accounted for 47% of Intel’s fourth-quarter revenue, an all-time high. The Data Center Group (DCG), Internet of Things Group (IOTG) and Programmable Solutions Group (PSG) all achieved record quarterly revenue. Intel’s Client Computing Group (CCG) shipped a record volume of Intel® Core™ i7 processors, launched the new 8th Gen Intel® Core™ processor with Radeon™ RX Vega M Graphics, and announced an expanding line-up of LTE and 5G multi-mode modems. The Non-Volatile Memory Solutions Group (NSG) launched the new Intel® Optane™ SSD DC P4800X Series for the data center.

It comes also with no surprise that the investors reacted quite bullishly to these good news from Intel, with a +10.55% stock price change last Friday.

image: pexels
source: Intel Corporation

 

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