Intel Q2 2013 profits drop by -29% Y-o-Y to $2 billion while revenues fall by -5% to $12.8bn as a declining PC market continues to affect the biggest chip maker in the world.
Revenues however do see slight (2%) growth if taken on a Q-o-Q basis.
The Intel PC Client group sees Y-o-Y revenue declines of -7.5% (or Q-o-Q growth of 1.4%) to $8.1bn, the Data Centre group remains flat Y-o-Y and Other Architecture revenues fall by -15% Y-o-Y to $942 million.
"In the second quarter, we delivered on our quarterly outlook and made several key product announcements," recently installed CEO Brian Krzanich says. "In my first 2 months as CEO, I have listened to a wide variety of views about Intel and our industry from customers, employees and my leadership team and I am more confident than ever about our opportunity as a company."
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