Intel reaps record third-quarter revenue of US$14.6bn

15 Oct 20142 Shares

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Record quarterly shipment of PCs, servers, tablets, phones and the internet of things has pushed chip giant Intel’s third-quarter revenue up 8pc or US$1.1bn year-over-year to US$14.6bn.

The third quarter marked the first time Intel has shipped more than 100m microprocessors in a quarter.

The company also reported net income of US$3.3bn, up 12pc from US$3.0bn in the year-ago quarter.

Intel’s earnings per share rose 14pc year-over-year, from US$0.58 to US$0.66, while its operating income of US$4.5bn reflected an increase of 30pc year-over-year from US$3.5bn.

“We are pleased by the progress the company is making,” said Brian Krzanich, CEO of Intel. “We achieved our best-ever revenue and strong profits in the third quarter. 

“There is more to do, but our results give us confidence that we’re successfully executing to our strategy of extending our products across a broad range of exciting new markets.”

Intel’s PC Client Group revenue amounted to US$9.2bn, up 6pc sequentially and up 9pc year-over-year.

The company’s software and services operating segments generated revenue of US$558, which is a 2pc increase sequentially and up 2pc from the year-ago-period.

Mobile and Communications Group revenue came in consistent with expectations, at US$1m, while Internet of Things Group revenue totalled US$530m, down 2pc sequentially but up 14pc year-over-year.

Data Center Group revenue reached US$3.7bn, up 5pc sequentially and up 16pc year-over-year.

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Tina held senior editorial positions at daily newspapers in Ottawa and Toronto

editorial@siliconrepublic.com