Intel Corporation has reported its Q1 results, the first based on the company’s new financial reporting structure which brought its mobile and communications unit together with Intel’s PC client business. Turnover was flat year on year at $12.8 billion, while net profit rose 3% to $2 billion from $1.9 billion a year earlier. Turnover in the newly created Client Computing Group dropped 16% sequentially and 8% YoY to $7.4 billion.