Intel changes the CFO and continues to restructure the staff reduction

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POSTER: computer news   ||   INTEL CHANGES THE CFO AND CONTINUES TO RESTRUCTURE THE STAFF REDUCTION	DATE:2016-04-20
Intel announced a new phase of restructuring, reducing staff and looking for a new CFO. However, for now the former financial manager Intel Stacy Smith all ended not so bad: after 28 years of work in the corporation, he goes to the post, involving the management of production processes and sales. Until a successor is found, Smith will continue to serve as CFO. Intel says that the role of his successor will be dealt with not only internal candidates, but also external. In his new position Stacy Smith will affect the fate of more than half of the company's staff. If we go back to the financial performance Intel in the first quarter,  the results of the company carefully masked by the release of strong points. Total revenue of $ 13.7 billion -. It is 7% higher than a year earlier. If we consider the activities of "client" Intel unit, it still forms a substantial part of the revenues -. $ 7.5 billion in the sequential comparison it fell by 14%, on an annualized - grew by 2%. Intel strongly emphasizes that the forward-looking activities now form 40% of the company's revenue and the bulk of net profit - are products for data centers (9% of revenue), "Internet of Things" (22% of revenue) and solid-state memory ( -6% of revenue due to lower prices). It is the perspective directions of activity  Intel is going to spend more funds on research and development. If we talk about the PC sector, the priorities are retained for  game, hardware, mobile computers such as "two in one", and set-top boxes. By mid-2017 Intel will have to cut 12,000 employees - about 11% of staffing. Already this year, these measures will save $ 750 million. Apparently, increase profitability, "client" division will be achieved, and by reducing staff costs. However, in the current quarter will have to write off $ 1.2 billion. Proceeds of "client" Intel division managed to increase by 2% in not the most favorable conditions. The volume of sales in volume terms decreased by 15% and the average sales price increased by 19%. That is,  Intel began selling smaller processors and chipsets, but they have become more expensive. In the desktop segment, sales fell by 4%, prices rose by 6%. In the notebook segment volumes decreased by 2%, while prices remained unchanged. Sales volumes of solutions for tablets failed on 44%, but the average sales price increased significantly. The rate of profit had to be reduced to 59.3%, although in recent years  for Intel it did not fall below 60%. In the current quarter, the company hopes to increase this figure to 61%. The cost of developing the production of 10-nm products already beginning to affect the financial results of the company. By the end of this year, Intel expects PC market reduction in the amount of about 8-9%. Accordingly, revenue from the core business can grow only by 4-6%. %. Related Products :

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