NEW YORK: US computer chip giant Intel reported a modest dip in earnings in the first quarter, amid a stabilisation of the key personal computer segment.
Profits in the January-March period dipped 5 percent to $1.9bn. Revenues, meanwhile, grew 1.5 percent from a year earlier to $12.8bn. Intel said revenues from its PC division dipped just one percent to $7.9bn, as the sector steadied after years of losing ground to mobile devices.
Intel said its data center or “cloud” revenues rose 11 percent to $3.1bn. “In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped five million tablet processors, making strong progress on our goal of 40 million tablets for 2014,” said CEO Brian Krzanich. AFP
