14 DAY TRIAL // Intel continues to be one of the biggest corporations in the world, making billions upon billions of dollars/euro each quarter, and each month for that matter. The financial results for Q3 2013 show that easily enough.
This time around, Intel didn't establish some new record in terms of revenue or profits, but that's not because of a failure to meet expectations.
It's just that the third quarter of every year isn't known for being all that lucrative. The high season is the fourth quarter, since the start of school comes late in Q3 and doesn't have the time to affect sales much.
So the revenues of $13.5 billion / €9.9 billion definitely qualify as a solid financial performance for the Santa Clara company.
And even so, Intel says the net income of $3.0 billion / €2.2 billion was merely a “modest” improvement over the previous three-month period.
"The third quarter came in as expected, with modest growth in a tough environment," said Intel CEO Brian Krzanich.
"We're executing on our strategy to offer an increasingly broad and diverse product portfolio that spans key growth segments, operating systems and form factors. Since August we have introduced more than 40 new products for market segments from the Internet-of-Things to datacenters, with an increasing focus on ultra-mobile devices and 2 in 1 systems."
Intel's PC Client Group made $8.4 billion / €6.2 billion, 3.5% more compared to Q2 and 3.5% less than in Q3 2012. Other Intel architecture operating segments posted revenue of $1.1 billion / €810 million, up 13.3 percent sequentially and down 9.3 percent year-over-year.
Intel expects to make more money in the fourth quarter of 2013, but not by much. The target is at $13.7 billion / €10.14 billion or so. The Bay Trail product releases might make things turn out a bit better but, given the past history of Atom in mobile gadgets, we won't be holding our breath.