Santa Clara, California, July 16, 2015: Chip maker Intel may be facing turbulent times where PC sales are concerned but has announced better-than-expected second quarter financial results on Wednesday. The drivers were – data centres and Internet of Things (IoT).
The tech giant reported a net income of US $2.7 billion. Non-GAAP earnings were 55 cents per share on a revenue of $13.2 billion, down five percent from the year prior, slightly better than expectations on Wall Street of 50 cents per share earnings with $13.04 billion in revenue.
Intel Chief Executive Officer Brian Krzanich credited the results to three departments — memory, data centers and the Internet of Things — all of which contributed over 70 percent of operating profit.
In its statement, Intel said, “Second-quarter results demonstrate the transformation of our business as growth in data center, memory and IoT accounted for more than 70 percent of our operating profit and helped offset a challenging PC market…. 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.”
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