(Reuters) – Intel Corp, the world’s largest chipmaker, reported a 9.1 percent rise in quarterly revenue, helped by strength in its data center and personal computer businesses.
The company’s net income rose to $2.81 billion, or 58 cents per share, in the second quarter ended July 1 from $1.33 billion, or 27 cents per share, a year earlier. (bit.ly/2h6LbO2)
Profit in the prior-year quarter was hurt by a charge of $1.41 billion related to Intel’s cost-cutting drive.
Revenue rose to $14.76 billion from $12.53 billion.
Reporting by Ismail Shakil in Bengaluru; Editing by Maju Samuel