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Intel sells more tablet chips but profits still fall

2014-04-16 13:44:04| InfoWorld: Top News

Intel shipped 5 million processors for tablets in the first quarter, but profits fell as PC sales remained weak. Net income for the quarter ended March 29 was $1.9 billion, down 5 percent from a year ago, Intel said on Tuesday. Revenue increased 1 percent to $12.8 billion.

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Intel sees PC market stabilise, tablet growth continues

2014-04-16 08:44:00| Telecompaper Headlines

(Telecompaper) Intel reported first-quarter revenue of USD 12.8 billion, up slightly from USD 12.6 billion a year earlier but 8 percent lower compared to the fourth quarter. The result was in line with the company's guidance. Its gross margin dropped to 59.7 percent from 62.0 in the previous quarter, and operating profit declined 29 percent on a sequential basis to USD 2.5 billion. Net profit totaled USD 1.9 billion or 38 cents a share, down from 2.0 billion or 40 cents a share a year ago. Intel said it saw signs of improvement in the PC market in Q1, while the data centre and tablet businesses remained strong. After shipping 5 million tablet processors in Q1, Intel said it was on track to meet its annual target of 40 million. The PC Client Group posted revenue of USD 7.9 billion in Q1, down 8 percent sequentially and down 1 percent year-over-year. Data Center Group revenue was down 5 percent sequentially bu 11 percent higher year-on-year, at USD 3.1 billion. Mobile and Communications Group revenue reached USD 156 million, down 52 percent from Q4 and 61 percent lower year-over-year. Software and services generated revenue of USD 553 million, down 6 percent sequentially but up 6 percent year-over-year.

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Intel (INTC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

2014-04-16 01:54:14| Agriculture - Topix.net

Intel posted its quarterly earnings results on Tuesday. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01, Analyst Ratings Net reports.

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Intel (INTC) Set to Announce Quarterly Earnings on Tuesday

2014-04-14 11:18:11| Agriculture - Topix.net

Intel is set to issue its Q114 quarterly earnings data on Tuesday, April 15th. Analysts expect the company to announce earnings of $0.37 per share and revenue of $12.81 billion for the quarter.

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ViXS and Intel team up on media processing SoCs

2014-04-14 11:00:47| Digital TV News

ViXS Systems (TSX: VXS) has announced a new collaboration with Intel (Nasdaq: INTC) to partner on Headed Video / Networking Gateway products based on its XCode 6400 media processing system-on-chip for major service providers.

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