Intel reports 34 percent rise in quarterly profit

Earnings Reuters

Brian Krzanich, Intel CEO, speaks during the Intel press conference at CES in Las Vegas, January 4, 2017. REUTERS/Rick Wilking (Copyright Reuters 2017)

 Intel Corp <INTC.O>, the world's largest computer chipmaker, reported a 33.7 percent rise in quarterly profit on Thursday, helped by strong growth in its data center and cloud computing business.

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The company's net income rose to $4.52 billion, or 94 cents per share, in the third quarter ended 30, from $3.38 billion, or 69 cents per share, a year earlier. (http://bit.ly/2zRIW6x)

Revenue rose to $16.15 billion from $15.78 billion.

 

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Shounak Dasgupta)

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