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Intel shows no growth in 2013, weak PC market to blame

updated 05:32 pm EST, Thu January 16, 2014

Company claims tablet revenue starting to add to the company's finances

Intel Corporation today reported full-year revenue of $52.7 billion, operating income of $12.3 billion, net income of $9.6 billion and earnings per share (EPS) of $1.89. The company generated approximately $20.9 billion in cash from operations, paid dividends of $4.5 billion, and used $2.1 billion to repurchase 94 million shares of stock. For the fourth quarter of 2013, Intel posted revenue of $13.8 billion, operating income of $3.5 billion, net income of $2.6 billion, and EPS of 51 cents.

"We had a solid fourth quarter with signs of stabilization in the PC segment and financial growth from a year ago," said Intel CEO Brian Krzanich. "We've built a strong foundation for our business by bringing innovation to the market more quickly across a wide range of computing platforms. For example, at CES, we demonstrated multiple devices that weren't on our roadmap six months ago."

The PC client group continued to lose money year-over-year, with a four percent drop to $33 billion. Intel's Data Center Group posted the only gain for the company on the year, with revenue of $11.2 billion -- up seven percent from 2012.

On the quarter, the PC client group posted revenue of $8.6 billion, which is actually an improvement from the third quarter of two percent. Gross margin held by the company rose a bit more than expected to 62 percent.

CFO Stacy Smith noted that tablets are now contributing to Intel's bottom line. "We saw strong tablet growth in the back half of the year, and inclusive of PC and tablets, our unit growth in the fourth quarter was up almost 10 percent from a year ago."



By Electronista Staff
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