Intel Q3 2017 revenue sitting at over 16 billion USD
The confusing naming scheme of Intel's 8th gen Core ix series was apparently not enough to derail the chipmaker's latest quarterly earnings report. As of Q3 2017, Intel has reported a revenue of 16.149 billion USD to represent a YoY growth of 2 percent. The relatively stable bottom line can be partly attributed to the stagnant sales of consumer processors and to Intel's growing investment in Cloud-based services for business.
Perhaps more importantly for Intel, operating income this past quarter was up by much wider margins. Compared to last year's operating income of 4.62 billion USD, Q3 2017 sits at 5.115 billion USD to represent an uptick of 14.6 percent. Intel is committed to decrease its spending to just 30 percent of total revenue by 2020 in order to maintain higher net profits.
As for Intel's wireless Client Computing Group (CCG) that is responsible for wireless products and mobile components, revenue is down slightly YoY from 8.892 billion USD to 8.860 billion USD. In contrast, operating income from consumer PCs alone was up by 8.2 percent to 3.6 billion USD. The availability of Coffee Lake processors for enthusiast PC builders should help buoy revenue through the Holiday season.
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