Intel Q2 FY 2019 Earnings Report: Datacenter Drop
Intel announced their earnings for the second quarter of their 2019 fiscal year. Overall, revenue dropped 3% year-over-year to $16.5 billion, with gross margins still below the 60% that Intel likes to maintain, but at 59.8%, the are improved significantly over last quarter’s 56.6%. Operating income for the quarter was down 12% to $4.6 billion, and net income down 17% to $4.2 billion. This resulted in earnings-per-share of $0.92, down 12% from a year ago.
|Intel Q2 2019 Financial Results (GAAP)|
|Client Computing Group Revenue||$8.8B||+2%||+1%|
|Data Center Group Revenue||$5.0B||+2%||-10%|
|Internet of Things Revenue||$986M||+8%||+12%|
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