In­tel lifted by data cen­ters, as PC mar­ket floun­ders due to de­mand

The China Post - - WORLD BUSINESS -

U.S. tech­nol­ogy gi­ant In­tel said Tues­day its prof­its edged higher in the first quar­ter, as gains in its data cen­ter op­er­a­tions help off­set weak­ness in the per­sonal com­puter mar­ket.

Profit for the quar­ter rose three per­cent from a year ear­lier to US$2 bil­lion, while rev­enues were flat at US$12.8 bil­lion.

In­tel has long been the dom­i­nant maker of chips for PCs but has been di­ver­si­fy­ing as the in­dus­try moves to­ward mo­bile and wear­able com­put­ing.

The lat­est re­sults, which show weak­erthan-an­tic­i­pated de­mand for PCs, “re­in­force the im­por­tance of con­tin­u­ing to ex­e­cute our growth strat­egy,” In­tel chief ex­ec­u­tive Brian Krzanich said in a state­ment.

The re­sults showed an 8 per­cent yearover-year drop in rev­enue at In­tel’s client com­put­ing unit, which in­cludes the PC chip­mak­ing busi­ness. From the fourth quar­ter, the drop was a steep 16 per­cent, fol­low­ing the end of an up­grade cy­cle for many PC users.

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