Intel Earnings Show Data Center Growth
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Intel reported second quarter fiscal 2012 earnings late Tuesday showing continued growth amid a sluggish global economy.
For the quarter, Intel reported revenue of $13.5 billion, for a 4 percent year over year gain. Net Income was reported at $2.8 billion with earnings per share of $0.54. For the full fiscal 2012, Intel is now predicting full year revenue growth to be in the 3 to 5 percent range.
From a business segment perspective, Intel's Data Center Group posted strong revenue growth of 15 percent while the PC Group grew by only 4 percent.
"High-performance computing continues to be one of the fastest growing segments within our data center business," Intel CEO Paul Otellini said during his company's earning call.
Otellini reminded investors that Intel has a new technology coming out later this year called the Xeon Phi. The Xeon Phi will deliver the throughput of highly parallel computing together with the programming models of the Intel architecture.