(PR) Intel Reports First-Quarter 2019 Financial Results
Intel Company this present day reported first-quarter 2019 financial results. “Results for the first quarter had been a cramped elevated than our January expectations. We shipped a sturdy combine of excessive performance merchandise and continued spending discipline while ramping 10nm and managing a no longer easy NAND pricing atmosphere. Taking a interrogate forward, we’re taking a extra cautious scrutinize of the year, although we inquire of of market stipulations to fortify within the second half of,” mentioned Bob Swan, Intel CEO. “Our team is targeted on increasing our market alternative, accelerating our innovation and bettering execution while evolving our culture. We aim to capitalize on key know-how inflections that inform us as much as play the next role in our customers’ success, while bettering returns for our owners.”
In the first quarter, the company generated roughly $5.zero billion in cash from operations, paid dividends of $1.Four billion and old $2.5 billion to repurchase Forty 9 million shares of stock. In the first quarter, Intel carried out Four p.c enhance within the PC-centric enterprise while files-centric revenue declined 5 p.c.