Intel has reported its Q1 2014 results and has marked a drop all across the board.




Intel reported first-quarter revenue of US $12.8 billion which is down by 8 percent compared to the Q4 2013. The gross margin droped by 2.3 points from 62 percent last quarter down to 59.7 percent. The operating income dropped by 29 percent, from 3.5 billion in Q3 2013 down to 2.5 billion in Q1 2014.

According to Q1 key business unit trends, PC Client Group revenue was at US $7.9 billio which is down by 8 percent sequentially and down by 1 percent year-over-year. The Data Center Group reported revenue of US $3.1 billion, which is down by 5 percent sequentially but up by 11 percent compared to the same quarter last year. Similar thing is with Internet of Things Group which reported revenue of US $482 billion, down 10 percent sequentially and up 32 percent year-over-year. The Mobile and Communication Group reported the biggest hit with revenue of US $156 which is down 52 percent sequentially and down by 61 percent year-over year. The Software and Services operating segments reported revenue of US $553 million, which is down by 6 percent compared to the Q4 2013 and up by 6 percent year-over-year.

"In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said Intel CEO Brian Krzanich. "Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things."

In the next quarter, Intel expects revenue of US $13.0 billion while the predictions for the entire year revenue remain flat and unchanged from prior expectations.



Source: Intel.com.