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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, April 16, 2014

Intel Flirts with Flatlining

Intel said it expects to generate revenue of 13 billion US dollars in the second quarter "plus or minus 500 million dollars," compared with 12.8 billion dollars in the second quarter of 2013. It also reiterated its earlier guidance that revenues will be approximately flat in 2014.

In the first quarter of 2014, Intel's revenue was up 1% year-on-year at 12.8 billion dollars.  “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. Research firm IDC expects the industry to ship 260 million tablets in 2014.

“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,” added Krzanich.

Intel said its "Internet of Things Group" revenue was up 32% year-on-year to 482 million dollars, but revenue in the Mobile and Communications Group was down 61% year-on-year to 156 million dollars. source: Intel statement

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