Sign up for our newsletter
Technology / AI and automation

Weak PC sales hit Intel’s Q2 revenues

Intel has reported a 5% decline in second quarter revenues to $12.8bn, compared to $13.5bn for the same period in 2012, amidst a slump in PC sales.

Revenue however increased by 2% compared to the $12.6bn that the company reported in the first quarter of 2013.

The company’s net income declined to $2bn, or $0.39 earnings per share, for the quarter, compared to $2.82bn or $0.54 earnings per share last year.

Operating income also decreased to $2.71bn for the quarter, compared to $3.83bn a year ago.

White papers from our partners

PC Client Group revenue decreased 7.5% to $8.1bn for the quarter while Data Center Group revenue increased 6.1% to $2.7bn.

Other Intel architecture group revenue during the period decreased 15% year over year to $942m, while it dropped 3.7% for the quarter

Intel CEO Brian Krzanich said looking ahead, the market will continue buying a range of computing products.

"Intel Atom and Core processors and increased SOC integration will be Intel’s future. We will leave no computing opportunity untapped. To embrace these opportunities, I’ve made it Intel’s highest priority to create the best products for the fast growing ultra-mobile market segment," Krzanich said.

The company expects to post a revenue of $13.5bn, plus or minus $500m, for the third quarter of 2013.
This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.