Intel India FY18 Profit Up 4.6% To Rs 379 Cr, Revenue Grows 23%

Intel India saw profits grow 4.6% to Rs 379 crore and revenue by 23% to Rs 4,149 crore in fiscal 2018, according to the company’s filings with the Registrar of Companies (RoC). The company has seen increased competition from peers such as AMD in India and other markets, say analysts.

“Physical infrastructure (data centre) across organisations is seeing slowing demand and that is impacting the hardware product business. Products have traditionally got a higher margin for companies like Intel but with the recent movement of enterprise workloads to a multi-cloud setup, the need to invest in physical infrastructure has reduced,” said Sanchit Vir Gogia, chief executive, Greyhound Research.

[Economic Times]


Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Technology & Innovation Research & Advisory firm. To read more about him, click here.

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