By Agam Shah
IDG News Service - Intel reported a drop in profits and revenue for the first quarter, as the biggest PC market slump in recent memory weighed on its business.
Intel reported a profit of $2.05 billion for the quarter ended March 30, down 25 percent from a year earlier. Revenue was $12.6 billion, Intel said, a drop of 2.5 percent.
About two-thirds of Intel's revenue comes from its PC client group, which makes chips for laptops and desktops. Revenue from that division was down 6 percent year on year, to $8.0 billion.
Its Data Center Group, which sells server chips and other enterprise hardware, fared better. Quarterly revenue from that division was up 7.5 percent year-over-year, to $2.6 billion
Intel is predicting revenue for its second quarter to be $12.9 billion, plus or minus $500 million.
It's expected to announce new chips based on the Haswell microarchitecture later in the quarter. They'll replace chips based on its Ivy Bridge microarchitecture, which have been shipping for about a year now.
Read Full story @ Computer World
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