Intel releases Q3 earnings, modestly surpasses sales expectations

By on October 16, 2013, 12:30 PM
intel, revenue, earnings, q3, year-over-year, 13.5 billion, 3 billion

Intel has now released its third quarter earnings, and after experiencing a rough several months, the company appears to be in positive territory. The results look to be very similar to those of last year's, with a net income of $3 billion on $13.5 billion in revenue. Intel reports that its revenue is up 5% sequentially, flat year-over-year.

In comparison to last quarter, both profit and revenue have increased by 5% and 48% respectively in Q3. Intel attributes the growth to the "more than 40 new products for market segments from the Internet-of-Things to datacenters," said Intel CEO Brian Krzanich. He goes on to mention the company's increased focus on ultra-mobile devices, networking and 2 in 1 systems.

While the numbers appear to be positively trending, there does look to be some cause for concern based on the individual numbers of each division. Intel's PC Client Group and Other Intel architecture operating segments both experienced losses of 3.5% and 9.3%, while the company's Data Center Group generated over $2.9 billion in revenue, which is as much as a 12.2% year-over-year increase.

There doesn't appear to be all that much of an improvement on the horizon either. Intel predicts next quarter's revenue to come in at $13.7 billion (plus or minus $500 million). For a detailed breakdown of Intel's Q3 earnings, head over to the company's Earnings Results page.




User Comments: 3

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9Nails, TechSpot Paladin, said:

I understand that Intel is more than just processors, but a loss in the PC Client Group and gains in the Data Center group has be curious. Are businesses adopting virtual desktops (VDI) more commonly now?

1 person liked this | GhostRyder GhostRyder said:

I understand that Intel is more than just processors, but a loss in the PC Client Group and gains in the Data Center group has be curious. Are businesses adopting virtual desktops (VDI) more commonly now?

As of recent, it seems to be true. Servers have gotten so powerful many agencies and business who need multiple environments end up switching to remote server or virtual machines in general because the tech is so good now. Ive seen so many machines at the place I work get dimantled and one machine come in to host 10 disabled servers. Its just much easier than housing your own machine and with Xeon Processors that can contain 8 cores so common, why would business need anymore, heck most only allow one core per VM.

JC713 JC713 said:

I understand that Intel is more than just processors, but a loss in the PC Client Group and gains in the Data Center group has be curious. Are businesses adopting virtual desktops (VDI) more commonly now?

It seems so.

I understand that Intel is more than just processors, but a loss in the PC Client Group and gains in the Data Center group has be curious. Are businesses adopting virtual desktops (VDI) more commonly now?

As of recent, it seems to be true. Servers have gotten so powerful many agencies and business who need multiple environments end up switching to remote server or virtual machines in general because the tech is so good now. Ive seen so many machines at the place I work get dimantled and one machine come in to host 10 disabled servers. Its just much easier than housing your own machine and with Xeon Processors that can contain 8 cores so common, why would business need anymore, heck most only allow one core per VM.

Exactly.

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