Intel has reported a slight decrease in its first quarter revenue to $12.6bn, compared to $12.9bn for the corresponding period in 2011, partly due to PC sales slide.
Revenue declined 7%, when compared to $13.5bn, the company reported in the fourth quarter of 2012.
The company’s net income declined to $2.04bn, or $0.40 earnings per share, compared to $2.73bn or $0.53 earnings per share, for the same period last year.
Operating income also decreased to $2.5bn for the quarter, compared to $3.8bn for the same period a year ago.
PC Client Group revenue decreased 6% to $8bn for the quarter while Data Center Group revenue increased 7.5% to $2.6bn.
Other Intel architecture group revenue during the period decreased 9% year over year to $1bn while it dropped 3.9% compared to last quarter.
Intel president and CEO Paul Otellini said the company performed well in the first quarter amidst market softness.
"We shipped our next generation PC microprocessors, introduced a new family of products for micro-servers and will ship our new tablet and smartphone microprocessors early this quarter," Otellini said.
"We are working with our customers to introduce innovative new products across multiple operating systems."
The company expects to post a revenue of $12.9bn, plus or minus $500m, for the second quarter of 2013.
