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Technology CompaniesIntelIntel Quarterly Earnings Exceed Expectations

Intel Quarterly Earnings Exceed Expectations

Intel said on Tuesday that an improved PC market helped it to deliver quarterly earnings of $13.8 billion, operating income of $3.8 billion, net income of $2.8 billion and EPS of $0.55. The company also increased its full-year sales outlook.

An 83% year over year growth in Internet-of-Things was also announced.

Intel CEO Brian Krzanich said “Our second-quarter results showed the strength of our strategy to extend the reach of Intel technology from the data center to PCs to the Internet of Things.”

  • PC Client Group revenue of $8.7 billion, up 9 percent sequentially and up 6 percent year-over-year.
  • Data Center Group revenue of $3.5 billion, up 14 percent sequentially and up 19 percent year-over-year.
  • Internet of Things Group revenue of $539 million, up 12 percent sequentially and up 24 percent year-over-year.
  • Mobile and Communications Group revenue of $51 million, down 67 percent sequentially and down 83 percent year-over-year.
  • Software and services operating segments revenue of $548 million, down 1 percent sequentially and up 3 percent year-over-year.
LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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