Intel's revenue flat from year ago

Reuters News
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Posted: Apr 14, 2015 4:16 PM

(Reuters) - Intel Corp's first-quarter revenue was flat from a year ago and in line with its own recently lowered expectations, due to weak demand for PCs that use the company's chips.

The company's sales were flat at $12.8 billion in the quarter ended March 28. (http://bit.ly/1ze5eaV)

Net income rose to $1.99 billion, or 41 cents per share, from $1.93 billion, or 38 cents per share, a year earlier.

Intel had slashed its first-quarter sales forecast by nearly $1 billion last month to $12.8 billion, plus or minus $300 million.

(Reporting By Lehar Maan in Bengaluru; Editing by Savio D'Souza)