Printed from http://www.electronista.com

Intel quarterly results show manufacturer weathering 'post-PC' market

updated 05:37 pm EDT, Tue April 16, 2013

Results unspectacular, but meet Wall Street estimates

Intel today reported calendar first-quarter revenue of $12.6 billion, operating income of $2.5 billion, net income of $2 billion and earnings per share of $0.40. The company generated approximately $4.3 billion in cash from operations, paid dividends of $1.1 billion to shareholders, and used $533 million to continue its stock buyback plan and reacquire 25 million shares of stock.

Highlights from the report include revenue from the PC Client group of $8 billion, down 6.6 percent from the prior quarter and down six percent year-over-year. The manufacturer's Data Center Group posted revenue of $2.6 billion, down 6.9 percent from the first quarter but up 7.5 percent year-over-year. As a matter of some concern to the company, gross margin fell two percentage points to 56 percent, making a loss of eight percentage points year-over-year.

The company expects revenue of $12.4 to $13.4 billion for the second quarter, with a slight climb of gross margin to 58 percent. Outlook for the full year is essentially unchanged, with a "low single-digit percentage increase" in revenue. The increase in margin is expected from Haswell products for sale, and written-off older inventory. Capital expenditure projections have been lowered by $1 billion as Intel is "taking advantage of the excess capacity on older-generation process technologies to take capacity offline and reuse more equipment and space for 14nm and beyond."



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

SMS Audio Sync Sport on-ear headphones

When hitting the gym or going out for a trail run, headphones can cause a number of problems. From the ear buds getting slimy with swe ...

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Sponsor

toggle

Most Commented

 
toggle

Popular News