Intel reports a solid Q2 with revenues of US$13.2bn, cites growth in IoT

16 Jul 201525 Shares

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Chip giant Intel is firing on all cylinders, with revenues up 3pc year-on-year to US$13.2bn from its client computing group, data centres and its new internet of things (IoT) group.

Intel yielded a profit of US$2.7bn, up 36pc, and earnings per share, which at 55 cents, is  up 34pc on last year.

In particular, Intel’s Client Computing Group brought in revenues of US$7.5bn, its Data Centre Group recorded revenues of US$3.9bn, Software and Services brought in US$534m and its new Internet of Things Group recorded revenues of US$559m, up from US$539m a year ago.

“Second-quarter results demonstrate the transformation of our business as growth in data centre, memory and IoT accounted for more than 70 percent of our operating profit and helped offset a challenging PC market,” said Intel CEO Brian Krzanich.

“We continue to be confident in our growth strategy and are focused on innovation and execution. We expect the launches of Skylake, Microsoft’s Windows 10 and new OEM systems will bring excitement to client computing in the second half of 2015.”

Looking ahead to Q4, Intel is predicting revenues of US$14.3bn and plans to spend US$4.9bn on R&D and mergers and acquisitions.

Intel Q2 2015 earnings infographic

intel-earnings-q2-15

Intel financials for Q2 2015

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Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com