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Intel CEO credits solid Q2 results to Internet of Things, data center growth
UPDATED: During the shareholders call on Wednesday, Krzanich provided a little more color on Intel's chip roadmap with an explainer rooted in Moore's Law.
By Rachel King for Between the Lines - ZDnet, Jul. 15, 2015 –
Intel published better-than-expected second quarter financial results after the bell on Wednesday.
The tech giant reported a net income of $2.7 billion, or 55 cents per share (statement).
Non-GAAP earnings were 55 cents per share on a revenue of $13.2 billion, down five percent from the year prior.
Still, Wall Street was looking for earnings of 50 cents per share with $13.04 billion in revenue.
Intel CEO Brian Krzanich credited the results to growth in three departments -- memory, data centers and the Internet of Things -- altogether of which he noted accounted for more than 70 percent of operating profit.
Those units also made up for continued pitfalls surrounding the PC space.
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