Justin Kahn
Posts: 752 +6
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.
