Intel reported 4th quarter earnings after market close today. The company beat most analysts expectations despite being the first earnings report since the reported chip exploits referred to as “Spectre” and “Meltdown". Since the report, Intel has moved quickly to implement software updates and patches to fix the problems.Intel Earnings Summary:
• 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.
• Delivered outstanding quarterly and annual earnings growth.
• 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.
SANTA CLARA, Calif., January 25, 2018 -- Intel Corporation today reported full-year and fourth-quarter 2017 financial results. The company also announced that its board of directors has approved an increase in its cash dividend to $1.20 per-share on an annual basis, a 10 percent increase. The board also declared a quarterly dividend of $0.30 per-share on the company’s common stock, which will be payable on March 1 to shareholders of record on February 7.
“The fourth quarter was an outstanding finish to another record year. Compared to the expectations we set, our revenue was stronger, our operating margins were higher, and our spending was lower," said Bob Swan, Intel CFO. “Intel's PC-centric business continued to execute well in a declining market while the growth of our data-centric businesses shows Intel's transformation is on track."
Intel Earnings Report: https://tinyurl.com/y88bt3m6