Intel posts record Q4 and yearly results, says new MeldownSpectre protected chips will arrive
0Intel posts record Q4 and yearly results, says new Meldown/Spectre-protected chips will arrive in 2018.
The Meltdown and Spectre chip flaws have given Intel its biggest headache in years, but there was some welcome good news for Chipzilla after it reported better-than-expected fourth quarter earnings. More importantly for consumers, CEO Brian Krzanich also announced that the first chips to ship with built-in protection against the flaws would arrive later this year.
Intel reported non-GAAP earnings of $1.08 a share on revenues of $17.1 billion for Q4, beating analysts’ expectations of 86 cents a share on revenues of $16.34 billion. It was another record year for the company, with total revenue for 2017 up from $59.5 billion in 2016 to $62.8 billion,
“2017 was a record year for Intel with record fourth-quarter results driven by strong growth of our data-centric businesses,” said Krzanich. “The strategic investments we’ve made in areas like memory, programmable solutions, communications and autonomous driving are starting to pay off and expand Intel’s growth opportunity. In 2018, our highest priorities will be executing to our data-centric strategy and meeting the commitments we make to our shareholders and our customers.”
Intel's three largest areas of growth in Q4 were its Data Center Group, which saw revenue increase 20 percent to $5.6 billion; its Internet of Things of group, up 21 percent to $889 million, and the Programmable Solutions group, which jumped 35 percent to $586 million.