Intel: EPS more than tripled in Q4
The microprocessor manufacturer increased its sales by 10% to $15.4 billion, with growth driven in particular by its Client Computing Group (CCG) division, whose revenues climbed by a third.
We continued to improve operational efficiency and comfortably met our commitment to achieve $3 billion in cost savings by 2023", emphasizes CFO David Zinsner.
Having thus exceeded expectations for the fourth consecutive quarter, Intel now expects adjusted EPS of $0.13 and sales of $12.2 to $13.2 billion for the first quarter of 2024.
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