Intel yesterday reported record third-quarter revenue of $14.6 billion, up 8% year-over-year. Intel’s largest division, the PC client group, turned in a strong performance, with revenue of $9.2 billion, up 9% year-over-year. Also turning in strong performance were the data center group, with revenue of $3.7 billion, up 16% year-over-year, and the Internet of Things group, with revenue of $530 million, up 14% year-over-year.
“We are pleased by the progress the company is making,” said Intel CEO Brian Krzanich. “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.”
The Wall Street Journal has some additional details, reporting, “Intel’s numbers included surprising indicators for sales of PC chips, a market it dominates. The company said unit shipments of chips for all such systems rose 15%, while sales of microprocessors and other products associated with notebook computers rose 21%.”
An earlier article had reported that third-quarter PC shipments grew in mature markets (rising 4% in the U.S.) but fell in emerging markets.
Intel continues to struggle in the mobile space, although it is offering subsidies to get tablet manufacturers to adopt Intel chips. “But the subsidies carry a heavy cost for Intel’s mobile and communications group,” the Journal reports. “That unit on Tuesday reported an operating loss of $1.04 billion on revenue that plunged to $1 million from $353 million in the year-earlier period.”
