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    Ashish Khanna, Global CEO, Dentsu Global Services

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    India Start-Ups Shine: Three Named Awardees of DBS Foundation’s Grant Programme 2022

    Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low

    Christchurch welcomes back Emirates’ A380

    Sabre announces agreement with Capillary Technologies to help airlines and hoteliers delight travelers through next-generation customer loyalty programs

    Suite Dreams at Old Trafford: Experience a Marriott Hotels Room Like No Other

  • Business

    Atos Provides an Update Regarding the ongoing Strategic Discussions with Airbus

    Air India Group completes major milestone in the integration of Air India Express and AirAsia India

    Cathay Cargo brings automation and shipment visibility to postal shipments with Cathay Mail

  • Health

    Bobba Group opens 75,000-square-foot tech-enabled warehouse on Bellary Road

    Novel treatment for Parkinson’s disease – Deep Brain Stimulation with Brainsense technology offered at Kasturba Hospital Manipal

    Breakthrough In Facial Nerve Schwannoma Treatment, Apollo Doctors Perform Endoscopic Transcanal Excision

    Primus Senior Homes teams up with LiveAltlife to conduct a diabetes awareness session

    “Diabetes is a serious & rapidly growing lifestyle health issue in the world.- Mr. James Joseph, Founder, Jackfruit365.com

    INDIA’S FIRST ALL-DIGITAL RESTAURANTS – KFC SMART RESTAURANTS

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    Wadhwani AI has Signed an MoU with the Government of Karnataka to Promote the Welfare of Farmers Across the State

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    From-L-R-Mr.-Anuj-Kathuria-President-India-JK-Tyre-Indust-JK-Tyre-Industries-scaled.jpg
March 29, 2023

    “We are excited to have entered the luxury car tyre market with Levitas Ultra and are keen to address our customers’ emerging needs”-Mr. Anuj Kathuria, President (India), JK Tyre & Industries Ltd

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    Dar Al Arkan introduces Trump signature villas, hotel, and golf course at its hilltop project ‘AIDA’ in Muscat, Oman

    Dar Al Arkan introduces Trump signature villas, hotel, and golf course at its hilltop project ‘AIDA’ in Muscat, Oman

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Intel Reports Fourth-Quarter and Full-Year 2022 Financial Results

by FWM
January 27, 2023
in Entertainment
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Jan 26, 2023 • 4:01 PM EST

Fourth-quarter revenue was $14.0 billion, down 32 percent year-over-year (YoY) and down 28 percent YoY on a non-GAAP basis. Full-year revenue was $63.1 billion, down 20 percent YoY and down 16 percent YoY on a non-GAAP basis.

▪       Fourth-quarter earnings (loss) per share (EPS) was $(0.16); non-GAAP EPS was $0.10. Full-year EPS was $1.94; non-GAAP EPS was $1.84.

▪       Forecasting first-quarter 2023 revenue of $10.5 billion to $11.5 billion; expecting first-quarter EPS of $(0.80) (non-GAAP EPS of $(0.15)).

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▪       Declares quarterly cash dividend of $0.365 per share.

SANTA CLARA, Calif., Jan. 26, 2023 — Intel Corporation today reported fourth-quarter and full-year 2022 financial results. The company also announced that its board of directors has declared a quarterly dividend of $0.365 per share on the company’s common stock, which will be payable on March 1, 2023, to shareholders of record as of February 7, 2023.

“Despite the economic and market headwinds, we continued to make good progress on our strategic transformation in Q4, including advancing our product roadmap and improving our operational structure and processes to drive efficiencies while delivering at the low-end of our guided range,” said Pat Gelsinger, Intel CEO. “In 2023, we will continue to navigate the short-term challenges while striving to meet our long-term commitments, including delivering leadership products anchored on open and secure platforms, powered by at-scale manufacturing and supercharged by our incredible team.”

“In the fourth quarter, we took steps to right-size the organization and rationalize our investments, prioritizing the areas where we can deliver the highest value for the long term,” said David Zinsner, Intel CFO. “These actions underpin our cost-reduction targets of $3 billion in 2023, and set the stage to achieve $8 billion to $10 billion by the end of 2025.”

 

FWM

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