Feeds

Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'

Prospects for the future, however, please Wall Street money men

Beginner's guide to SSL certificates

Intel has posted its financial results for its first quarter of fiscal 2014 that were either marginally lower or higher than analysts' estimates, depending upon which analysts you trust.

Chipzilla reported revenues of $12.8bn for the quarter, with net income of $1.9bn and the all-important earnings per share (EPS) coming in at $0.38.

"In the first quarter we saw solid growth in the data center, 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," said Intel CEO Brian Krzanich.

The average EPS prediction by the 39 analysts polled by Thompson Reuters for Yahoo! Finance was $0.37 out of a range of $0.34 to $0.43, down from the $0.40 that the company earned in the year-ago quarter. Those same worthies pegged revenues to come in at $12.81bn, with their estimates ranging from a low of $12.70bn to a high of $13bn. Last year's revenues for the same quarter were $12.58bn.

The analysts polled by FactSet, on the other hand, had set expectations at an EPS of $0.42 on $12.81bn in revenue, MarketWatch reports.

More than a few analysts had predicted – though not all – that Intel would post higher than expected numbers – but exactly how results can be expected to beat expectations we'll leave to those metaphysicians who tackle vexing issues involving angels and pinheades.

Intel's data center group was the star of the show, up 11 per cent year-on-year with revenues of $3.1bn, though down 5 per cent from the previous quarter. The PC client group, on the other hand, slipped down 1 per cent y/y to $7.9bn, and down 8 per cent sequentially.

Among the smaller divisions, the Internet of Things group – yes, they now have one – brought in revenues of $482m, up 32 per cent y/y but down 10 per cent sequentially, and the Mobile and Communications Group's $156 million fairly stunk up the balance sheet, down 61 per cent y/y and down 52 per cent sequentially. Software and services were by comparison flat: their $553m in revenue were up 6 per cent y/y and down 6 per cent.

For its current Q2, Intel expects revenues to be $13.0bn, give or take a half-billion. Those expectations apparently pleased Wall Street: the company's stock shot up on the news in after-hours trading – though it wiggled its way back down a bit afterwards.

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.