Intel reports adjusted EPS (non-GAAP) of $0.54 for the last three months of 2023, compared with $0.15 a year earlier, as well as an adjusted operating margin that improved by 12.4 points to 16.7%.

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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