April 26, 2018 / 8:09 PM / 3 months ago

Intel reports 50.3 pct rise in quarterly profit

April 26 (Reuters) - Intel Corp reported a 50.3 percent rise in first-quarter profit on Thursday, driven by higher demand for chips from data centers.

The company's net income rose to $4.45 billion, or 93 cents per share, in the quarter ended March 31, from $2.96 billion, or 61 cents per share, a year earlier.

Net revenue rose to $16.07 billion from $14.80 billion. (Reporting by Sonam Rai in Bengaluru; Editing by Arun Koyyur)

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