Intel's quarterly profit rises 45 percent

(Reuters) - Intel Corp , the world's largest chipmaker, reported a near 45 percent rise in first-quarter profit, helped by strength in its data centre business and a stabilizing personal computer market.

The company's net income rose to $2.96 billion, or 61 cents per share, in the quarter ended April 1 from $2.05 billion, or 42 cents per share, a year earlier. (http://bit.ly/2pr8dBB)

Revenue rose to $14.80 billion from $13.70 billion.

(Reporting by Narottam Medhora in Bengaluru; Editing by Savio D'Souza)