Chip maker Intel has already outlined its plan to get involved with the Internet of Things (IoT). In December, it acquired Altera, a company that makes programmable chips that can be used in IoT devices.
Today, Intel announced its Q4 and full year results. In Q4, revenue of US $14.9B was up 3 per cent sequentially and up 1 per cent on a year-on-year basis. The important part here is that Intel’s IoT and other strategies seem to be working. Intel CFO Stacy Smith highlighted in a separate statement that the chip maker raked in record revenues in the data centre and the IoT businesses, fueling the better-than-expected results. The IoT business grew by 6 per cent in this quarter on a year to year basis, garnering US $625 million in revenue.
For the entire 2015, revenue of US $55.4B was down 1 per cent, operating income of $14.0B was down 9 per cent, net income of $1 1.4B was down 2 per cent and earnings per share of $2.33 was up 1 per cent to 2014.