Intel Corporation (NASDAQ:INTC) beats forecasts, anticipates a reviving PC industry

The second quarter earnings for Intel Corporation (NASDAQ:INTC) have been impressive and the company believes that the worst is over for their personal computer industry that seemed to be dying in the wake of the mobile industry. It has now seemed to stabilize. The semiconductor company is aware that it needs to dive into new and possibly complex markets.

Recognized as the world’s largest manufacturer of integrated chips, Intel Corporation (NASDAQ:INTC) emerged as a chip corporation leader for the personal computers; it was also serving as giant computer servers on a global platform. While Intel Corporation (NASDAQ:INTC) still remains the prime chip manufacturer; however as far as shift to mobile or the Internet of Things, IoT is concerned then work is still in progress. Unfortunately no substantial advancement has been made in its transformation from a PC company to smartphones and tablets.

However, Intel Corporation (NASDAQ:INTC) has hinted, on 15 July, 2014, of its plans to begin comprehending these products as well.

Earnings from the chipmaker company reveal that the last quarter has seen a surge of 4% in its net income. The figures came in at $2.8 billion compared to $2 billion a year back. Intel Corporation (NASDAQ:INTC) managed to earn 55 cents per share on revenue this year. In contrast, last year it generated 39 cents per share. On the other hand, the revenue gained a total of 8%, coming in at $13.8 billion compared to $12.8 billion.

CEO, Brian Krzanich also remarked that all products of the company are becoming more personal, more associated and more mobile. He also mentioned that the company was “seeing clear signs” of a refresh in the PC market. Krzanich added sharply, that the company never enters a business to lose money.

The chief financial officer, Stacy J. Smith, also argued that despite mobility being a challenging area to earn money, The “Internet of Things” will indeed be a more profitable business of the company in comparison to PC.

Intel Corporation (NASDAQ:INTC)’s majority of the revenue and earnings are generated by its PC group – precisely $8.7 billion out of the total $13.8 billion in the second quarter. This signifies an increase of 6% compared to the same quarter last year. Also revenue from Intel’s data center group jumped a whopping 19% compared to last year to reach a total of $3.5 billion. This revenue from the data center group is mainly from the server chips.

CEO, Krzanich assumed responsibility in May last year. He also worked towards the growth of cloud computing by improving sales in data center group. Even though investors have been warmed by the PC group revenue, Intel Corporation (NASDAQ:INTC) realizes that it cannot rely solely on the business. Krzanich mentioned that products especially aimed at the mobile industry could be expected from the company in the coming future. He remarked that the company believes that it will achieve a commercially successful business eventually, and has long been aware of the pressing need to generate sales in mobile computing industry.