(MENAFN) US-based computer chip giant Intel reported a surge in its quarterly profits, as its newly diversified product lineup lifted revenues to record highs, AFP reported.
The tech giant said its net profit for the July-September period rose 12 percent from a year earlier to USD3.3 billion, while revenues rose 8 percent to a record USD14.6 billion.
Intel has been shifting its focus to mobile devices and connected objects, including a recently announced heart monitor, which is incorporated in audio headphones.
"We are pleased by the progress the company is making. We achieved our best-ever revenue and strong profits in the third quarter. There is more to do, " Intel chief executive said.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.