Intel reports record Q4, but forecasts disappoint

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Intel reported a 6% rise in its full-year 2014 revenues of $55.9bn, with its operating income and net income for the period reaching $15.3bn and $11.7bn respectively.

During the year, the chipmaker reported a record full-year unit shipments of PCs, servers, tablets, phones and the Internet of Things, as well as surpassing the tablet shipments goal with 46 million units shipped.

Intel’s Q4 revenue reached $14.7bn, up 6% from last year’s corresponding quarter, while it’s operating income and net income stood at $4.5bn and $3.7bn respectively.

Intel CEO Brian Krzanich said: "The fourth quarter was a strong finish to a record year."

"We met or exceeded several important goals: reinvigorated the PC business, grew the Data Center business, established a footprint intablets, and drove growth and innovation in new areas.

"There is more to do in 2015. We’ll improve our profitability in mobile, and keep Intel focused on the next wave of computing. "

During the quarter, Intel’s PC Client Group generated $8.9bn in revenue, up 3% year-over-year, while its Data Center Group and Internet of Things Group also reported revenue growths.

The company’s Mobile and Communications Group reported negative revenue of $6m, while revenue generated by its Software and services operating segments reached $557m.

For the first quarter of 2015, the chip maker projects $13.76bn in revenues, plus or minus $500m, with gross margins of about 60%, which is far less than the 65.4% reported during Q414.

Recently, Intel confirmed plans to invest $300m over the next five years to support workforce diversity, with plans to carry out programmes that help employ more women and minorities in the technology and video game segments.

Intel also topped the list of global semiconductor vendors for 2014.

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