Intel generated $13.5bn in revenue during the third quarter of 2013, up 5% over Q2, while the year-over-year growth remained flat.
During the quarter, the US chipmaker’s net income and operating income rose 48% and 29% to $3bn and $3.5bn respectively, while earnings per share also mounted by 49% over earlier quarter.
Intel CEO Brian Krzanich said the third quarter came in as expected, with modest growth in a tough environment.
"We’re executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors," Krzanich said.
"Since August we have introduced more than 40 new products for market segments from the Internet-of-Things to datacenters, with an increasing focus on ultra-mobile devices and 2 in 1 systems."
Intel’s data centre group recorded 12% rise in revenue of $2.9bn year-over-year, while PC Client Group and architecture operating segmentsreported respective year-over-year declines of 3.5% and 9.3% to $8.4bn and $1.1bn.
However, Intel is forecasting revenue of $13.7bn, plus or minus $500m, for Q4, which is less than the consensus of $14.02bn.
In the wake of slight fall in third quarter profits, mainly hit by sluggish PC demand, Intel revealed plans to delay the production of its next-generation PC chip, Broadwell, by a quarter.
