Intel has posted record full-year and fourth quarter revenue, boosted by solid a performance from its PC group, however its mobile and communications group revenue recorded a heavy decline year-on-year.Intel reported full-year revenue of US$55.9 billion, up 6 per cent year-on-year, while net income of US$11.7 billion was up 22 per cent year-on-year.
For the fourth quarter, Intel’s revenue of US$14.7 billion was up 6 per cent year-on-year, with net income of US$3.7 billion up 39 per cent.
Intel’s PC group provided a foundation for the full-year results, delivering revenue of US$34.7 billion, up 4 per cent from 2013.
This is roughly in line with recent figures from technology research firm Gartner, indicating something of a turnaround in the PC market in 2014, with Gartner’s preliminary results showing 1 per cent year-on-year growth in the 2014 fourth quarter and a full-year decline of 0.2 per cent.
Intel’s mobile and communications group, however, was down 85 per cent from 2013, recording revenue of US$202 million, with Intel CEO Brian Krzanich stating mobile will be a focus in the year ahead.
Meanwhile, Internet of Things group revenue of $2.1 billion for the full year was up 19 per cent from 2013.
At CES 2015, Intel unveiled its Curie module, a button-sized hardware product for wearable technology, scheduled to ship in the second half of the year, with wearables also set to be an area of focus in 2015.
“The fourth quarter was a strong finish to a record year,” Krzanich stated. “We met or exceeded several important goals: reinvigorated the PC business, grew the data centre business, established a footprint in tablets, and drove growth and innovation in new areas.
“There is more to do in 2015. We’ll improve our profitability in mobile, and keep Intel focused on the next wave of computing.”
Intel expects revenue growth in the mid-single digit percentage points for 2015, with first quarter revenue of US$13.7 billion, plus or minus US$500 million.