Intel has released its financial report for the third quarter of fiscal 2014 reporting revenue of US $13.5 billion, operating income of $3.5 billion, net income of $3.0 billion and EPS of $0.58. Generating US $5.7 billion in cash and paiying dividends of US $1.1 billion and buying back 24 million shares for US $536 million.

According to Intel's CEO Brian Krzanich, the third quarter came in as expected with modest growth in a tough environment. He said that: "We're (Intel) executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors. 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."

The PC Client Group revenue was up 3.5 percent sequentially and down 3.5 percent year-over-year, Data Center Group is up 6.2 percent sequentially and up 12.2 percent year-over-year while other Intel architecture operating segments revenue is up 13.3 percent sequentially and down 9.3 percent year-over-year.



Source: Intel.com.