Intel announces financial results for Q2 2015
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Although the global PC market is cooling down, Intel continues to deliver strong financial results, thanks to the company's expansion across multiple markets. According to the news release concerning their financial results in Q2 2015, Intel had a revenue of $13.2 billion during this period and a gross margin of 62.5 percent, slightly better than the latest outlook.
The results of various Intel groups are these:
- Client Computing Group - $7.5 billion revenue, 2 percent sequentially up and 14 down year-over-year
- Data Center Group - $3.9 billion revenue, 5 percent sequentially up and also 10 percent up year-over-year
- Internet of Things Group - $559 million, up 5 percent and 10 percent year-over-year
- Software and services segments - $534 million, sequentially flat and 3 percent down year-over-year
The release mentioned earlier also reveals that Intel 6th gen Core Skylake processors are qualified for production and "will deliver exciting new PC experiences in the second half of 2015." The company managed to generate $3.4 billion in cash during the quarter, paying dividends of $1.1 billion and also using $697 million to repurchase 22 million shares.