Q4: IoT, data centres comes to rescue of Intel after PC sales go down

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.

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