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  1. Intel reports 9.8 percent rise in quarterly revenue

Intel reports 9.8 percent rise in quarterly revenue

Intel Corp reported a 9.8 percent rise in quarterly revenue on Thursday, boosted by a stabilizing PC market and a rise in demand for its data center services.

By: | Updated: January 27, 2017 3:11 AM
Intel Corp (Reuters Image) Intel Corp (Reuters Image)

Intel Corp reported a 9.8 percent rise in quarterly revenue on Thursday, 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, or 73 cents per share, for the fourth quarter ended Dec. 31, from $3.61 billion, or 74 cents per share, a year earlier.

The world’s largest chipmaker said net revenue rose to $16.37 billion from $14.91 billion.

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