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Intel's Q1 revenue up 8% to $14.8 billion as data centre growth slows

Net income jumped 45% to $2.96 billion


Intel Corp reported lower-than-expected quarterly revenue due to an unexpected slowdown in growth at its data centre business, on which the world's largest chipmaker is banking to reduce its reliance on the personal computer market. The company's shares fell nearly 4 per cent to $35.97 in trading after the bell on Thursday. Revenue from Intel's higher-margin data centre business rose 6 per cent to $4.2 billion in the first quarter. That was less than the 9 per cent jump a year-ago and the 8 per cent increase in the fourth quarter. "I think the Street was ...

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First Published: Fri, April 28 2017. 05:00 IST