Has The Restructuring Paid Off?
About a year ago, during Intel's first quarter earnings call in 2016, CEO Brian Krzanich announced the company would cut 12,000 jobs as part of an initiative to "intensify focus in high-growth areas where it is positioned for long term growth."
The Santa Clara, Calif.-based company said that it would move its focus beyond its traditional PC market into new areas, like the Internet of Things and cloud services.
Today, Intel is announcing its first quarter earnings in 2017 – and partners are wondering if the company is on track to capitalize on these changes.
As the company reports earnings, Intel is expected to post earnings of 65 cents a share, about 20 percent higher than the same quarter a year ago, according to analysts surveyed by Thomson Reuters.
Following are five of the biggest questions Intel partners have as Intel reports its first quarter earnings tonight.