During Intel’s first quarter, the company saw solid growth in the data center group, signs of improvement in the PC business. However, net income decreased 5% year-over-year to USD 1.9 billion.
Intel Corporation reported its first-quarter revenue of USD 12.8 billion, operating income of USD 2.5 billion, net income of USD 1.9 billion. The company generated approximately USD 3.5 billion in cash from operations, paid dividends of USD 1.1 billion, and used USD 545 million to repurchase 22 million shares of stock.
“In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014,” said Intel CEO Brian Krzanich. “Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things.”
