SANTA CLARA (dpa-AFX) – The chip company Intel has significantly exceeded expectations in the past quarter. With sales of $ 20 billion, Intel took around $ 2.6 billion more than previously forecast. That was also one percent less than a year earlier. For the year as a whole, revenues rose eight percent to a record $ 77.9 billion. The quarterly profit fell by 15 percent to 5.9 billion dollars, as Intel announced after the US market closed on Thursday.
In the data center business, revenue last quarter fell 16 percent year over year to $ 6.1 billion. For the entire year, however, revenues rose by eleven percent to $ 26.1 billion after the corona boom in data traffic. With working and learning at home, video conferences, among other things, increased significantly in 2020. That made the expansion in data centers necessary, from which Intel also benefited.
In the business with PC processors, the revenues rose in the past quarter by nine percent to 10.9 billion dollars. The decisive factor was a jump in notebook sales – which is also considered a consequence of the corona pandemic.
Investors apparently had difficulty classifying the figures. While the Intel share expanded its price gain by more than four percentage points in regular trading immediately after it became known, the paper recently lost more than one percent after the trading hours.
Intel is facing a change at the top of the company: On February 15, the experienced tech manager Pat Gelsinger will take over the chief position. The group had recently come under increasing pressure, among other things due to delays in the start of a new processor technology./so/DP/he