Friday, 24 March, 2023

Intel beats expectations to post solid Q3 revenue

<p>Intel has published its third-quarter revenue, surpassing analyst and market expectations as it recovers from the impact of the pandemic. The company&#39;s Internet of Things group posted an all-time record high revenue, while Data Center Group and Mobileye business also recorded the highest ever Q3 revenues. While its PC business suffered due to component shortages, non-GAAP earnings came to $1.71 on GAAP revenue of $19.2B, up 5% year-on-year.<br /> &nbsp;</p>