Earnings Outlook: Intel earnings: Cloud must grow to paper over PC slide [MarketWatch]
Intel Corporation (INTC)
Last intel corporation earnings: 4/23 04:07 pm
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Source: MarketWatch
Intel earnings: Cloud must grow to paper over PC slide Like much of the tech sector, Intel Corp. is banking its future on strong growth in cloud computing, as the chip maker seeks to make up for lagging sales in its core legacy business amid stronger competition. Intel INTC, +0.68% is scheduled to report its first-quarter earnings after the closing bell Thursday. Results are expected to focus on growth in server and memory chips, businesses that are focused on supplying data centers powering the cloud, while masking continued declines in personal computer sales that cost Intel its title as the world’s largest chip maker in 2017 . Analysts expect client-computing, or traditional PC, revenue to decline 2% to $7.81 billion from the year-ago period, according to FactSet data. Data-center revenue is expected to grow 14.2% to $4.83 billion, and nonvolatile memory solutions revenue is expected to grow 9.8% to $950.5 million, compared with the year-ago period. “Internet of Things,” or IoT,
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