Intel reports revenue increase in first quarter

SAN FRANCISCO, April 25 (Xinhua) -- Intel Corporation on Thursday reported its financial results for the first quarter of 2024, with a revenue of 12.7 billion U.S. dollars, up 9 percent year on year.

The company's Generally Accepted Accounting Principles (GAAP) quarter net loss was 0.4 billion dollars, compared with a net loss of 2.8 billion dollars year over year. Its non-GAAP quarter net income was 0.8 billion dollars, as against a net loss of 0.2 billion dollars a year ago.