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INTEL LOSS DESPITE RECORD FULL YEAR REVENUE

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INTEL LOSS DESPITE RECORD FULL YEAR REVENUE

Jan 16 2015, 8.00am GMT

STOCK.com

Intel gains on the Internet of Things, but struggles with mobile and communications in Q4.

Beating expectations but delivering 85% losses on mobile, Intel Corporation reported record full-year results due to initiatives in PC and data centre businesses.

Shares saw small gains on Wednesday due to expectation figures, closing at 36.20. However, on Thursday trading shares opened at 36.34 and closed 0.7% down. Shares now stand at 36.07, which are still holding above 2002 levels.

Forecast: earnings per share of 66 cents on $14.71 billion in revenue (Thomson Reuters).

Actual: earnings per share of 74 cents on $14.7 billion in revenue.

Intel CEO Brian Krzanich stated, "We met or exceeded several important goals: reinvigorated the PC business, grew the Data Center business, established a footprint in tablets, and drove growth and innovation in new areas. There is more to do in 2015. We'll improve our profitability in mobile, and keep Intel focused on the next wave of computing. "

Krzanich has cause to be confidence as earnings give record results in several areas:

  • Record full-year revenue and fourth-quarter revenue of $14.7 Billion, with both up 6 percent year-over-year
  • Record full-year unit shipments of PCs, servers, tablets, phones and the Internet of Things; and exceeded the tablet goal by shipping 46 million units

Highlights from the Intel Corporation Q4 report include:

Full-Year 2014 Business Unit Trends

  • PC Client Group revenue of $34.7 billion, up 4% from 2013.
  • Data Center Group revenue of $14.4 billion, up 18% from 2013.
  • Internet of Things Group revenue of $2.1 billion, up 19% from 2013.
  • Mobile and Communications Group revenue of $202 million, down 85% from 2013.
  • Software and services operating segments revenue of $2.2 billion, up 1% from 2013.

Q4 Key Business Unit Trends

  • PC Client Group revenue of $8.9 billion, down 3% sequentially and up 3% year-over-year.
  • Data Center Group revenue of $4.1 billion, up 11% sequentially and up 25% year-over-year.
  • Internet of Things Group revenue of $591 million, up 12% sequentially and up 10% year-over-year.
  • Mobile and Communications Group negative revenue of $6 million, consistent with expectations.
  • Software and services operating segments revenue of $557 million, flat sequentially and down 6% year-over-year.

MT4 chart: INTEL

intel on stock.com

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