Intel announced 2017 Q1 result with GAAP sales at $14.8 billion and GAAP net income at $3.0 billion, with net profit margin of 20%. The net sales increased by 8% on a yearly basis while the net income was up by a significant 45%.
All business segments experienced significant growth in 2017 Q1, and the growth businesses including Internet of Things, Memory Solutions and Programmable Solutions, which all recorded double digit growth in sales. The two main business segments including Client Computing and Data Center both recorded a healthy 6% growth on yearly basis. As a result of this solid first quarter performance, the annual revenue guidance for 2017 was raised by $500 million to reach $60.0 billion.
