DHAKA: Intel reported third quarter revenues flat from the year before at USD 14.5 billion, with the operating profit down 8 percent to USD 4.2 billion and the net profit sliding 6 percent lower to USD 3.1 billion.

Earnings per share went to USD 0.64 from 0.66 the year earlier. The gross margin reached 63.0 percent, up 0.5 point from the second quarter, reports telecompaper.com.

Going forward, Intel is guiding for fourth quarter revenues at USD 14.8 billion, plus or minus USD 500 million.

The midpoint of the range is up 2 percent from the third quarter, in line with the average seasonal range increase for Q4.

The gross margin is expected at 62 percent, plus or minus a couple of points and down 1.0 point from Q3.

During Q3, Client Computing Group revenue fell 7 percent to USD 8.5 billion, with platform volumes down 19 percent and platform average selling prices up 15 percent.

Data Center Group revenue lifted 12 percent to USD 4.1 billion, boosted by platform volumes and average selling prices both up 6 percent.

Internet of Things Group revenue advanced 10 percent to USD 581 million. At the Software and services operating segments, revenue was virtually unchanged at USD 556 million.

All other operating segments had revenue of USD 682 million, 19 percent higher than the year before.

At the end of the quarter, Intel had total cash investments of USD 20.8 billion, up by USD 7.0 billion from the second quarter.

BDST: 1808 HRS, OCT 14, 2015
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