Intel reports Q2 revenue growth in every business unit

Intel PC, IoT, data center, memory businesses all up. This week Intel reported what Interim CEO and CFO Bob Swan characterized as an “outstanding” Q2 marked by revenue growth across all PC and data-centric business units. He said the company expects a record-setting 2018 marking a third consecutive year of “record financial performance.” Swan attributed the performance to a plan set in motion five years ago and designed to reinforce the company’s core microprocessor business while expanding reach into new market in support of “insatiable demand to process, store and move data…And we have lots of room to grow. Data has never been more pervasive or more valuable.” He called out how in the five-year period, revenues from the data-centric business units went from one-third of total to more than half of total and are growing at a double digit rate. Swan said a consistent focus on cloud, network transformation and artificial intelligence (AI) and analytics is paying off with cloud revenue growth coming from both service provider investment in virtualization ahead of 5G and enterprise adoption of hybrid cloud solutions and data-intensive workloads.