Intel Rises 4 % After Reporting Q2 Results, Including Better-Than-Expected Income Of $13.8 B.

Intel Rises 4% After Reporting Q2 Results, Including Better-Than-Expected Revenue Of $13.8B

Investors, nonetheless, appear content with the results, and have bid shares of Intel up even more compared to 4 percent in after-hours trading. Its COMPUTER division viewed its income surge 6 percent year-over-year to $8.7 billion, and its Data Center Team expanded 19 percent, with top line of $3.5 billion. The firm’s smaller Internet of Things group grew 24 percent year-over-year to $539 million in revenue.

Investors, however, appear material with the results, and have bid shares of Intel up even more than 4 percent in after-hours trading.

What drove the quarter for the technology giant? Metal. Its PC division saw its revenue rise 6 percent year-over-year to $8.7 billion, and its Data Center Group grew 19 percent, with top line of $3.5 billion. The company’s smaller Internet of Things group grew 24 percent year-over-year to $539 million in revenue. Its Mobile division saw its revenue decline sharply, however, falling 83 percent on a yearly basis, to a slim $51 million.

Intel had a billion dollars more in revenue in the second quarter of 2014 than it did in the second quarter of 2013. Its gross margin improved as well, to 64.5 percent, up from 58.3 percent.

For the full year, Intel expects revenue growth of 5 percent, which it states is “slightly higher” than its “prior expectations.” With net income of $2.79 billion, and cash and short-terms of nearly $8 billion, Intel appears to be in decent shape.

The company is currently working to expand its mobile chip business, in hopes of growing its share in powering tablets and smartphones, markets where its competitors have so far ruled. Its mobile results this quarter, however, including a sequential-quarter decline of 67 percent, were not strong. The company did affirm in its release that it is still on track to sell 40 million tablet processors this year.

Investors, however, appear content with the results, and have bid shares of Intel up more than 4 percent in after-hours trading.

IMAGE BY Flickr USER Ed Schipul UNDER CC BY 2.0 LICENSE (IMAGE HAS BEEN MODIFIED)

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