Record year for Intel as internet of things revenue grows 19%

Firm generated $55.9 billion in revenue during the year
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Intel has reported a record year in terms of revenues with $55.9 billion generated in 2014 and operating income of $15.3 billion.

During 2014, Intel's PC client group revenues reached $34.7 billion, up four per cent on the previous year, data centre group revenue hitting $14.4 billion, an increase of 18 per cent year-on-year, and software services revenue topping $2.2 billion, up one per cent.

Intel’s mobile and communications group pulled in $202 million, which was 85 per cent up from 2013, and the internet of things revenue hit $2.1 billion, growth of 19 per cent compared to last year.

It wasn’t just with its takings that Intel was breaking records, as shipments of PCs, servers, tablets, phones and other products exceeded its shipping goal, churning out 46 million units worldwide over the year.

During Q4 2014, Intel posted revenue of $14.7 billion and operating income of $4.5 billion.

“The fourth quarter was a strong finish to a record year,” said Intel CEO Brian Krzanich.

“We met or exceeded several important goals: reinvigorated the PC business, grew the Data Center business, established a footprint in tablets, and drove growth and innovation in new areas.

"There is more to do in 2015. We’ll improve our profitability in mobile, and keep Intel focused on the next wave of computing.”

Looking forwards, Intel expects growth in the mid-single digit percentage points in 2015. For Q1 2015, it expects revenues of $13.7 billion, and to spend $40 million in restructuring charges.

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