Intel Posts Steady Q4 Figures Amid Declining PC Market
Intel’s fourth quarter results have seen it post a slight year-on-year revenue rise along with a slight fall in net income as it continues to look to other business areas amid the declining PC market.
Intel posted revenue of US$14.9 billion for the quarter, up 1 per cent year-on-year, while net income of US$3.6 billion was down 1 per cent.
For the full year, Intel’s revenue of US$55.4 billion was down 1 per cent year-on-year, with net income of US$11.4 billion down 2 per cent.
As reported by Reuters, analysts on average had expected revenue of US$14.8 billion for the quarter, according to Thomson Reuters I/B/E/S.
The results come following this week’s fourth quarter PC market figures from both Gartner and the International Data Corporation (IDC), showing that the market declined further during the quarter.
Intel’s Client Computing Group figures for the quarter mirror this trend, with notebook platform volumes decreasing 10 per cent year-on-year (average selling prices up 6 per cent) and desktop platform volumes decreasing 9 per cent (average selling prices up 9 per cent).
In total, the Client Computing Group recorded revenue of US$8.8 billion for the quarter, up 3 per cent sequentially and down 1 per cent year-on-year.
Meanwhile, Intel’s other business units posted generally positive results for the quarter.
Its Data Centre Group revenue of US$4.3 billion was up 4 per cent sequentially and 5 per cent year-on-year, and its Internet of Things Group revenue of US$625 million was up 8 per cent sequentially and 6 per cent year-on-year.
Software and services operating segments revenue of US$543 million was down 2 per cent sequentially and down 3 per cent year-on-year, and Non-Volatile Memory Solution Group revenue was flat sequentially and up 10 per cent year-on-year.
“Our 2015 results demonstrate that Intel is evolving and our strategy is working,” Intel CEO Brian Krzanich commented. “This year, we’ll continue to drive growth by powering the infrastructure for an increasingly smart and connected world.”