In its quarterly financial report, Intel disclosed that its Data Center Group achieved revenue of $3.7 billion, up 19 percent year-over-year. Intel’s Internet of Things Group posted revenue of $533 million, up 11 percent year-over-year. However, Intel’s Client Computing Group recorded Q1 revenue of $7.4 billion, down 16 percent sequentially and down 8 percent year-over-year.
Year-over-year revenues were flat, with double-digit revenue growth in the data center, IoT and memory businesses offsetting lower than expected demand for business desktop PCs,” said Intel CEO Brian Krzanich. “These results reinforce the importance of continuing to execute our growth strategy.”
