Intel's net profit in the 2nd quarter fell by 2 times

Net profit Intel Corp (NASDAQ: INTC), the world's largest chip maker, fell by 51% in the second quarter of 2016, or a 2-fold - to $ 1.33 billion, or $ 0.27 per share, compared with $ 2.71 billion, or $ 0.55 per share, for the same period last year.
The indicator decreased due to the high costs associated with the restructuring of operations. In April this year the company unveiled a plan to cut costs in order to release funds for investment in the most promising areas of business. The restructuring plan includes a reduction of 12 thousand. jobs, or 11% Intel staff.
On Wednesday, the company said it has already reduced 6 thousand. Jobs under the plan. Intel Expenses related to the reorganization of the business in the second quarter were $ 1.41 billion, according to a company press release.
Earnings excluding one-off items amounted to $ 0.59 per share. Intel's revenue in the last quarter increased by 2.6% - to $ 13.53 billion Experts polled by Thomson Reuters, on average, had forecast an adjusted profit of the company at $ 0.53 per share on revenue of $ 13.54 billion Intel aims to transform the operation.
Focusing them on the issue of microprocessors for servers and other equipment associated with the scope of "cloud" technologies, as demand for chips for personal computers continues to fall.
 In the last quarter, Intel's revenue is in charge of data processing centers (DPC), increased by 4.5%, to $ 4.03 billion, while business revenue in the Internet of things (Internet of Things) rose by 2.3%, to $ 572 . million Meanwhile, revenue in the field of computer services decreased by 2.6% - to $ 7.34 billion.
According to Intel's forecast for the current quarter, its revenue of $ 14.9 billion, plus or minus $ 500 million Analysts on average estimated this figure.. $ 14.63 billion.
The company confirmed its forecast that its revenue growth rate in 2016 will be expressed in the medium single-digit percentage.