Intel has sparkling Q3

Intel’s Q3 revenues grew 9.1% y-o-y and profit grew 21% y-o-y Gross margin was 64.8% and operating profit was $5.1 billion.
The PC business saw sales increase 21% y-o-y, and 5% q-o-q to $8.9 billion.
Data centre grew 13% q-o-q and 10% y-o-y to $4.5 billion.
IoT grew 20% q-o-q and 19% y-o-y to $689 million
Flash grew 17% q-o-q and shrank 1% y-o-y to $649 million.
Security was flat q-o-q and up 6% y-o-y at $537 million.
Programmables (Altera) were down 9% q-o-q at $425 million.
Q4 revenues are expected to be $15.7 billion with a gross margin of 63%.
“We’re executing well, and these results show Intel’s continuing transformation to a company that powers the cloud and billions of smart, connected devices, ” said CEO Brian Krzanich.
“It was an outstanding quarter, and we set a number of new records across the business,” said Brian Krzanich, Intel CEO. “In addition to strong financials, we delivered exciting new technologies while continuing to align our people and products to our strategy.”

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