Intel Reports First-Quarter Results, Revenue Remains Flat As PC Business Down YoY

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Intel yesterday reported its first quarter financial reports. Their revenue was flat year over year because their PC business revenue went down. Client Computing Group revenue of $7.4 billion, down 16 percent sequentially and down 8 percent year-over-year.

“Year-over-year revenues were flat, with double-digit revenue growth in the data center, IoT and memory businesses offsetting lower than expected demand for business desktop PCs,” said Intel CEO Brian Krzanich. “These results reinforce the importance of continuing to execute our growth strategy.”

This indicates that Microsoft’s Windows division and Office division revenue will also be down this quarter. Intel expects that PC marker will shrink in 2015.

Source: Intel

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