Intel has reported third-quarter revenues in excess of $14bn after growth driven by the PC and data centre branches of the business.
The IT giant revealed in its latest financial results that revenue had grown by $1.1bn to $14.6bn, which translates into an eight percent year-on-year increase. Profits rose by $300m to $3.3bn compared with $3bn for the same period in 2013, an increase of 12 percent.
Intel's share price increased to 66 cents per share compared with 58 cents in the same quarter last year. This translates into a 14 percent rise over 2013.
Chief executive Brian Krzanich said that he was pleased with the results, saying they were the "best ever" revenue and profit results for the company's third quarter.
He added: "There is more to do, but our results give us confidence that we're successfully executing to our strategy of extending our products across a broad range of exciting new markets."
According to Intel, this growth has been powered by healthy sales of PCs, servers, tablets and phones, and the shipping of more than 100 million microprocessors in the third quarter.
The number of PCs shipped increased in unit volume by seven percent compared with the second quarter, and by 15 percent compared with the same quarter last year. These sales were driven mostly by Intel notebooks, which have risen in sales volumes by 21 percent compared with the same quarter in 2013.
Indicative of the growing affordability of laptops, Intel's results revealed that average selling prices had decreased by 10 percent, suggesting that lower prices could be driving sales volumes.
Despite debates around the desktop PC market being dead, Intel's desktop sales increased by six percent over 2013 and average selling prices rose by two percent.
Intel's data centre business arm rose by six percent in unit volume sales over the second and last year's quarter. The average selling price rose by one percent over the second quarter and nine percent over last year, indicating Intel's healthy position in the data centre market, as well as the growth of data storage and processing facilities and services.
While Intel's Internet of Things division was down by two percent on the previous quarter, it was still up 14 percent year-on-year, translating into a revenue stream valued at $530m.
Intel revealed a forecast for its fourth quarter, predicting revenues of $14.7bn with a margin of error of $500m.
The company indicated that spending on research and development, along with restructuring charges, will reach $4.9bn and $45m, respectively.
While Intel's PC sales seems to be soaring, its major partner Dell revealed it could move away from Intel chips for its servers if ARM chips become cheaper, potentially threatening Intel's revenue predictions.
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