[Intel announced first-quarter earnings: net profit of US$4.5 billion, up 50% year-on-year] Intel announced on Thursday the first quarter of fiscal year 2018 as of March 31, 2018. According to the report, Intel’s revenue for the first quarter was US$16.1 billion, an increase of 9% compared to US$14.8 billion in the same period last year; net profit was US$4.5 billion, a 50% increase over the same period last year’s net profit of US$3 billion.
“After the company achieved a record high in 2017, it had another strong start in 2018. Our PC business continued to perform well, with data center business growing by 25%, accounting for nearly half of the total revenue in the first quarter.†Intel CEO Brian Krzanich said. "The strength of Intel's business highlights my confidence in the company's strategy and the relentless demand for computing performance detonated by data growth."
I. Revenue growth continued to increase
Intel’s revenue for the first quarter was US$16.1 billion, which was 9% higher than the US$14.8 billion of the same period last year, exceeding analysts’ previous expectations. According to a survey by Thomson Reuters, market analysts expected Intel’s revenue for the quarter to be US$15.05 billion.
Among them, customer computing group revenue was 8.22 billion US dollars, higher than the 7.976 billion US dollars in the same period last year; data center group revenue was 5.254 billion US dollars, higher than 4.232 billion US dollars in the same period last year.
Intel’s revenue growth in the first quarter reached 9%, which is higher than 4% in the previous quarter and 8% in the same period last year.
Second, net profit recovery growth
Intel’s first-quarter net profit was US$4.5 billion, an increase of 50% compared to net profit of US$3 billion in the same period of last year, higher than the net loss of US$700 million in the fourth quarter of last year; diluted earnings per share was 93 US cents, same period last year Diluted earnings per share were 61 cents.
Intel’s fourth-quarter earnings loss was mainly due to the US$5.4 billion income tax expense related to the US tax reform. After a continuous and significant increase in Intel’s net profit in the first three quarters of last year, the company’s fourth-quarter loss was recorded as a one-time expense in its financial statements.
Third, the increase in operating profit growth
Intel’s operating profit for the first quarter was US$4.5 billion, an increase of 23% from US$3.6 billion in the same period last year. Among them, the customer’s operating group’s operating profit was US$2.791 billion, down from US$3.031 billion in the same period of last year; the data center group’s operating profit was US$2.602 billion, which was higher than US$1.487 billion in the same period of last year; the IoT Group’s operating profit was US$ 227 million. Higher than the $105 million in the same period of last year; Non-Volatile Storage Solutions Group's operating loss was US$81 million, operating losses for the same period last year were US$129 million; Programmable Solutions Group’s operating profit was US$97 million, operating profit for the same period last year It was US$92 million; operating losses for all other businesses were US$1.166 billion, and operating losses for the same period last year were US$954 million.
Fourth, R & D and marketing, general affairs and administrative expenses continue to decrease
Intel's total R&D and marketing, general and administrative expenses totaled US$5.211 billion in the first quarter, down from US$5.41 billion in the same period last year.
Intel's R&D and marketing, general and administrative expenses have continued to decline in the past six quarters. The continued growth of company revenues and the continuous decline in R&D and marketing, general affairs and administrative expenses have contributed to the continued rise of Intel’s net profit.
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