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PC Gamer
PC Gamer
Jacob Ridley

Intel figures out how to make money again

Intel Corporation Patrick Gelsinger
Patrick Gelsinger, chief executive officer of Intel Corp., stands behind a clean suit after a Bloomberg Studio 1.0 interview at the company's headquarters in Santa Clara, California, U.S., on Thursday, Feb. 3, 2022.

Intel's revenue for the last three months was down 15% versus this time last year, but CEO Pat Gelsinger doesn't seem to mind. He says of the company's latest earnings represent "just great execution across every aspect of the business." A surprisingly positive sentiment for what might appear on the surface to just be more bad news.

The reason for that positivity is that Intel is back to making money after a few rocky quarters underperforming in 2022. Last quarter, Intel lost $2.8B from $12B in revenue. This quarter, Intel made $1.5B from $13B in revenue.

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