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Intel beats outlook in Q2

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Intel has reported second quarter revenue of $13,2-billion. This is consistent with what was expected, while gross margin of 62,5% was slightly better than outlook.

The Client Computing Group had revenue of $7,5-billion, up 2% sequentially and down 14% year-over-year.

Data Centre Group revenue was $3m9-billion, up 5% sequentially and up 10% year-over-year.

Revenue for the Internet of Things Group was $559-million, up 5% sequentially and up 4% year-over-year.

Software and services operating segments revenue of $534-million was flat sequentially and down 3% year-over-year.

“Second-quarter results demonstrate the transformation of our business as growth in data centre, memory and IoT accounted for more than 70%of our operating profit and helped offset a challenging PC market,” says Intel CEO Brian Krsanich. “We continue to be confident in our growth strategy and are focused on innovation and execution.

“We expect the launches of Skylake, Microsoft’s Windows 10 and new OEM systems will bring excitement to client computing in the second half of 2015.”