Intel reported its fourth quarter and full year fiscal 2013 earnings late Thursday, providing insight into the state of the IT landscape. The PC market, which has been in a state of steady decline in recent years, still has potential, according to Intel CEO Brian Krzanich.
For the full year, Intel reported revenue of $52.7 billion which is a one percent year-over-year decline. Net Income for the year was reported at $9.6 billion, for a 13 percent year-over-year decline. Looking forward, Intel provided first quarter 2014 guidance for a midpoint revenue range of $12.8 billion.
Krzanich blamed a declining PC market for the one percent revenue slump for the full year, though he noted that there is still reason for future PC optimism. He said that the desktop business was particularly strong during the fourth quarter of 2013, growing 11 percent over 2012. There are a number of thing that are helping to fuel some optimism in the desktop PC markets. Krzanich noted that the transition away from Windows XP, which is nearing its end of life, was a factor during the fourth quarter as consumers and business replace aging hardware. And though the XP transition is a key factor for growth, it isn’t the only one.