Intel has reported its first-quarter financial results reporting revenue of US $12.8 billion, which is definitely a good result considering reported weak desktop sales.

In detail, Intel reported revenue of US $12.8 billion which is flat compared to the same period last year, with net income of US $2 billion, which is up by 3 percent compared to the last year, operating income of US $2.6 billion, which is also up by 4 percent and Earnings Per Share (EPS) of 41 cents, up by 8 percent compared to the Q1 2014.

While both the revenue and net income were down by 13 and 46 percent compared to the Q4 2014, which was expected, Intel also reported a double-digit revenue growth in the data center, Internet of Things (IoT) and memory businesses which managed to offset lower demand in business desktop PC sales.

Intel expects revenue to rise up to $13.2 billion next year with gross margin percentage of 62 percent. Intel also expects that it revenue for a full year to remain flat, which is definitely a good result considering recent analyst reports regarding the state of PC industry.



Source: Intc.com.