Intel has released its latest quarterly financial report, and boasts of a new milestone: its time ever breaking 100 million microprocessor shipments in a single quarter.
In its report published this week, Intel boasted of an impressive $14.6 billion revenue for the third quarter of its 2014 financial year with a healthy 65 per cent margin - up 2.6 points year-on-year. That translates to $4.5 billion in operating income, up an impressive 30 per cent year-on-year, the bulk of which was provided by the company's PC Client Group - evidence that, as reported by market-watchers earlier this month, the market for traditional PCs in established markets is finally recovering from its long-time slump.
Intel's Data Centre Group was another big winner, growing 16 per cent year-on-year, but its more recent ventures haven't fared so well. The nascent Internet of Things division, responsible for everything from IoT communication gateways to the company's ultra-low-power Pentium-based Quark processor, brought in just $530 million - a decline of 14 per cent year-on-year at a time when the IoT industry is supposed to be in explosive growth. Its biggest embarrassment, however, remains its Mobile and Communications Group with just $1 million in revenue. While it has enjoyed some recent high-profile wins, including powering one of Google's latest Nexus devices, these have come too late to help its last quarter.
'We are pleased by the progress the company is making,' claimed chief executive Brian Krzanich of the results. '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.' Krzanich is likely to be most pleased by the milestone of 100 million microprocessors shipped in a single quarter, an achievement the company has never before attained. How these broke down into desktop, portable, server and mobile was not detailed by the company.
More figures from the company's financial report are available in the official press release.
In its report published this week, Intel boasted of an impressive $14.6 billion revenue for the third quarter of its 2014 financial year with a healthy 65 per cent margin - up 2.6 points year-on-year. That translates to $4.5 billion in operating income, up an impressive 30 per cent year-on-year, the bulk of which was provided by the company's PC Client Group - evidence that, as reported by market-watchers earlier this month, the market for traditional PCs in established markets is finally recovering from its long-time slump.
Intel's Data Centre Group was another big winner, growing 16 per cent year-on-year, but its more recent ventures haven't fared so well. The nascent Internet of Things division, responsible for everything from IoT communication gateways to the company's ultra-low-power Pentium-based Quark processor, brought in just $530 million - a decline of 14 per cent year-on-year at a time when the IoT industry is supposed to be in explosive growth. Its biggest embarrassment, however, remains its Mobile and Communications Group with just $1 million in revenue. While it has enjoyed some recent high-profile wins, including powering one of Google's latest Nexus devices, these have come too late to help its last quarter.
'We are pleased by the progress the company is making,' claimed chief executive Brian Krzanich of the results. '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.' Krzanich is likely to be most pleased by the milestone of 100 million microprocessors shipped in a single quarter, an achievement the company has never before attained. How these broke down into desktop, portable, server and mobile was not detailed by the company.
More figures from the company's financial report are available in the official press release.
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