INTEL HAS BEATEN INDUSTRY EXPECTATIONS in its third quarter this year, seeing growth in the data centre, Internet of Things (IoT) and non-volatile memory businesses.
Intel said that quarterly revenue of $14.5bn, which was flat year over year, was "above the midpoint of outlook". The firm attributed this to a focus on the IoT of which its dedicated group showed the most promise this quarter, logging revenue of $581m, up 10 percent year over year.
The chipmaker believes that the positive financials this quarter were helped by customer enthusiasm for its new 6th-generation Intel Core processors unveiled last month.
"We executed well in the third quarter and delivered solid results in a challenging economic environment," said Intel CEO Brian Krzanich. "The quarter demonstrates Intel innovation in action. Customers are excited about our new 6th-gen Intel Core processor, and we introduced our breakthrough 3D XPoint technology, the industry's first new memory category in more than two decades."
Krzanich added that Intel's non-volatile memory businesses were also responsible for "offsetting lower client revenue".
Other positive growth in Intel's Q3 results was seen at the company's data centre group, with revenue of $4.1bn, up eight percent sequentially and 12 percent year over year. This can be seen with the push in data centre products, such as the DC P3608 series, which was unveiled last month and described as the world's highest performing data centre SSD.
However, the firm's client computing group posted revenue of $8.5bn, down seven percent year over year.
Intel's 6th-gen Core processors, which the firm said had helped in its Q3 financials, comprises a Core i3, Core i5 and Core i7 line-up aimed at all types of desktop devices across the market.
The processors promise up to 60 percent better performance over the 5th-gen Core chips, with six times faster 4K video transcoding, 11 times better HD graphics performance, and the ability to be overclocked via full range base clock tuning. µ
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