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Intel slightly exceeded Wall Street's expectations for the first quarter of the year. The company posted earnings of $ 0.17 per share and revenue of $ 16.1 billion in the first quarter of 2019. For the period ending March 31, analysts expected Intel to release revenue of $ 0.83 per share ($ 3.67), with revenue of $ 16.03 billion ($ 62.9).
The results come after the main chipmaker announced its departure from modems for 5G smartphones. Apple and Qualcomm resolved their legal differences and this motivated Intel's departure because Apple was Intel's top 5G client. But Intel remains focused on a "data centering" strategy with chips for processing computers and a data center, as demand grows for everything from Internet devices to autonomous cars.
Overall, revenues were flat compared to a year ago, with data-centric revenues dropping 5% and personal PC revenues increased by 4%. Intel said it expected revenue of $ 15.6 billion ($ 61 billion) in the second quarter, earnings per share (EPS) of $ 0.83 ($ 3.27). For annual figures, the company expects revenue of $ 69.0 billion and earnings per share of $ 4.14 ($ 16.31).
"The results of the first quarter were slightly higher than the expectations in January 2010. We ship a strong combination of high performance products while increasing the management of challenging environmental pricing. Looking ahead, we take a more cautious view of the year, although we expect an improvement in market conditions in the second half, "said Bob Swen, Intel CEO, in a statement.
Revenues by sectors
The group of computers generated $ 8.6 billion revenue, an increase of 4%. Sales of the data center center amounted to 4.9 billion dollars (19.31 billion dollars), a decrease of 6 percent. The Internet of Things group generated $ 910 million ($ 3.5 billion), an increase of 8%. Mobileye revenues reached $ 209 million, an increase of 38 percent. The memorial group earned revenue of $ 486 million ($ 1.9 billion), dropped by 2 percent, and even the value of the group of personal systems.
Collectively, data from Intel's center fell by 5% in the first quarter. In the Data Center Group (DCG), the cloud segment grew by 5 percent, while the communications services segment dropped by 4 percent, while corporate and government revenues were 21 percent.
Source: Venture blow
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