Confident Intel raises full-year revenue outlook by $1.3bn » Banking Technology

Following a successful quarter, Intel has raised revenue outlook across the full-year owing to solid performance in artificial intelligence (AI) and driverless tech, reports Telecoms.com Quarterly figures were looking pretty impressive too. Total revenue was reported at $14.8 billion, a year-on-year increase of 9%, while net income stood at $2.8 billion, up 11% year-on-year. The team now expects to clock up $15.7 billion in the next quarter (plus or minus $500 million, because we regularly misplace change as well). "Q2 was an outstanding quarter with revenue and profits growing double digits over last year," says Intel CEO Brian Krzanich.