Intel Says Earnings Are Up To $12.8B, Mobile Down, Servers, Software, And Services Up
Intel’s first quarter earnings report shows some uneven results across the company’s market segments and vast product portfolio, with a particular drop on the mobile side. Intel’s Mobile and Communications Group had a revenue of $156 million, but that was 52% from last quarter and down 61% year-over-year.
In fact, sequentially, Intel’s revenue was down in most areas: its PC Client group was down 8%; the Data Center group was down 5%; the Internet of Things group was down 10%; and software and services dropped 6%.
However, year-over-year the numbers are much rosier. With that metric, although the PC Client side was still down 1%, the Data Center group was up 11% and software and services was up 6%. The biggest growth year-over-year, percentage-wise, was the Internet of Things group that saw a 32% jump in revenue.
"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich in a press release. "Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things."
Overall, Intel’s operating income of $12.8 billion is up 1% over last year.
In fact, sequentially, Intel’s revenue was down in most areas: its PC Client group was down 8%; the Data Center group was down 5%; the Internet of Things group was down 10%; and software and services dropped 6%.
However, year-over-year the numbers are much rosier. With that metric, although the PC Client side was still down 1%, the Data Center group was up 11% and software and services was up 6%. The biggest growth year-over-year, percentage-wise, was the Internet of Things group that saw a 32% jump in revenue.
"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich in a press release. "Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things."
Overall, Intel’s operating income of $12.8 billion is up 1% over last year.