Surprisingly-strong PC market propels tech giant to $55 billion in revenue.
BY JACOB PALMER | OB DIGITAL NEWS EDITOR
A surprisingly-strong PC market propelled tech giant to $55 billion in revenue in 2014.
OregonLive.com detailed how the company did it:
Ultimately, though, it was a stubbornly and surprisingly durable PC market that made 2014 a record year for the company. Chips for PCs and laptops still account for nearly two-thirds of Intel’s business and sales in the sector climbed 4 percent during the year, defying forecasters who had written off the market as moribund.
Intel shares surged 40 percent during 2014, leading the Dow Jones Industrial Index.
Krzanich wrote the company was proud of its annual performance.
“The fourth quarter was a strong finish to a record year. We met or exceeded several important goals: reinvigorated the PC business, grew data center business, established a footprint in tablets and drove growth and innovation in new areas. There is more to do in 2015.”
The Portland Business Journal broke down some of the key figures from the company’s successful year.
- In the fourth quarter, the PC Client Group revenue was up 3 percent from last year to $8.9 billion. For the full year the group had revenue rise 4 percent to $34.7 billion.
- The Data Center Group reported fourth quarter revenue of $4.1 billion, up 25 percent year-over-year. On the year it saw revenue jump 18 percent to $14.4 billion.
- The Internet of Things Group had fourth quarter revenue of $591 million, up 10 percent year-over-year. On the year the group’s revenue was up 19 percent to $2.1 billion.
- The Software and Services segment had quarterly revenue of $557 million, which was down 6 percent from last year. For the year, the segment was up 1 percent to $2.2 billion.
- The Mobile and Communications Group lost $6 million. On the year the group generated revenue of $202 million, which is a drop of 85 percent year-over-year.
