Intel has reported first-quarter revenue of $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 Intel CEO Brian Krzanich.
“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.”
PC Client Group revenue was $7,9-billion, down 8% sequentially and down 1% year-over-year.
Data Centre Group reported revenue $3,1-billion, down 5% sequentially and up 11% year-over-year.
Internet of Things Group revenue was $482-million, down 10% sequentially and up 32% year-over-year.
Mobile and Communications Group revenue dropped to $156-million, down 52% sequentially and down 61% year-over-year.
Software and services operating segments revenue was $553-million, down 6% sequentially and up 6% year-over-year.
For the second quarter, Intel expects revenue of about $13-billion, with a gross margin of about 63%.
For the full year, it anticipates that revenue will be flat, with a gross margin of about 61%.
