Intel reports 9.8% rise in quarterly revenue
Friday, January 27, 2017, 10:13 AM
The world’s largest chipmaker, Intel Corp reported a 9.8% rise in quarterly revenue, boosted by a stabilizing PC market and a rise in demand for its data center services. However, the company said its net income fell to $3.56 billion, for the fourth quarter ended Dec. 31, from $3.61 billion, a year earlier. Net revenue rose to $16.37 billion from $14.91 billion.