Intel Corp. announced FY16 Q4 results with strong sales of $16.4 bn and net income of $3.6 bn, resulting in a healthy net margin of 22%. The quarterly sales were up 10% as compared to FY15 Q4 sales of $14.9 bn, while net income was down by 1% on a y-o-y basis.
The full FY16 sales amounted to $59.4 bn, up by 7% as compared to last year’s $55.4 bn. However, net income was down by 10% to $10.3 bn in FY16 as compared to last year’s $11.4 bn, and this was primarily on account of higher restructuring charges in FY16.
Overall, the management was pleased with the strong FY16 results and attributed them to the acceleration of their core strategy along with launch of exciting new products, successful integration of Altera, and investments in various growth opportunities.
