Story image

Intel talks up tablets as PC profit slides

16 Apr 14

Intel outlined its plans to drive tablet growth this year, setting out an ambitious strategy to increase the company’s market share.

Releasing its first-quarter financials today, the tech giant reported revenue of US$12.8 billion, operating income of $2.5 billion, net income of $1.9 billion and EPS of 38 cents.

The company generated approximately $3.5 billion in cash from operations, paid dividends of $1.1 billion, and used $545 million to repurchase 22 million shares of stock.

“In the first quarter we saw solid growth in the data centre, 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,” says Brian Krzanich, CEO, Intel.

“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.”

Q1 Key Business Unit Trends

• PC Client Group revenue of $7.9 billion, down 8 percent sequentially and down 1 percent year-over-year.

• Data Centre Group revenue of $3.1 billion, down 5 percent sequentially and up 11 percent year-over-year.

• Internet of Things Group revenue of $482 million, down 10 percent sequentially and up 32 percent year-over-year.

• Mobile and Communications Group revenue of $156 million, down 52 percent sequentially and down 61 percent year-over-year.

• Software and services operating segments revenue of $553 million, down 6 percent sequentially and up 6 percent year-over-year.

LG takes home over 140 awards at CES
Including Engadget Best of CES Award in TV category for fifth consecutive year for the LG Signature OLED TV R.
Expert comment: Google fined US$57mil for GDPR breaches
The committee examining the breaches found two types of breaches of the GDPR.
McAfee customer choice for Cloud Access Security
“This is the second time that McAfee has been named... and we believe this demonstrates our ability to stay ahead of the pack.”
The message behind the Apple/Samsung iTunes partnership
Futuresource has released its perspective on what Samsung Smart TV’s new iTunes Movies and TV Show app means for Apple as a company.
Cost keeping Kiwi companies from making the most of IoT
"To move past the barriers inhibiting production scale IoT, organisations have to solve the broader security and upgrade issues."
Cybercrime could cost companies US$5.2tril over next five years – survey
New research from Accenture found that only 30% of organisations are very confident in internet security.
Achieving cyber resilience in the telco industry - Accenture
Whether hackers are motivated by greed, or a curiosity to assess a telco’s weaknesses; the interconnected nature of the industry places it in a position of increased threat
Three ways 5G will impact power management in 2019
Power failures or any network interruptions are not an option. Rolling out 5G is complex and presents a unique challenge for telco providers.