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Third quarter earnings driven by growth in data center and Internet of Things.
October 14, 2015
SANTA CLARA, Calif. -- Intel Corporation today reported third-quarter revenue of $14.5 billion, operating income of $4.2 billion, net income of $3.1 billion and EPS of 64 cents. The company generated approximately $5.7 billion in cash from operations, paid dividends of $1.1 billion, and used $1.0 billion to repurchase 36 million shares of stock.
In news highlights, the company had quarterly revenue of $14.5 billion, above the midpoint of its outlook, with a gross margin of 63 percent, consistent with its outlook. Quarterly revenue was flat year-over-year, with growth in the data center, Internet of things and non-volatile memory businesses offsetting lower client revenue.
"We executed well in the third quarter and delivered solid results in a challenging economic environment," said Brian Krzanich, Intel CEO. "The quarter demonstrates Intel innovation in action. Customers are excited about our new 6th Gen Intel Core processor, and we introduced our breakthrough 3D XPoint™ technology, the industry's first new memory category in more than two decades."
The key Q3 business unit trends were:
Client Computing Group revenue of $8.5 billion, up 13 percent sequentially and down 7 percent year-over-year
Data Center Group revenue of $4.1 billion, up 8 percent sequentially and up 12 percent year-over-year
Internet of Things Group revenue of $581 million, up 4 percent sequentially and up 10 percent year-over-year
Software and services operating segments revenue of $556 million, up 4 percent sequentially and flat year-over-year.
Intel Corp. (Nasdaq: INTC)
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