Intel reported revenue of $16.1 billion (+13 percent) fuelled by data-centric businesses in the first quarter of 2018.
Intel’s data-centric businesses accounted for 49 percent of first-quarter revenue.
Intel is raising its annual revenue target to $67.5 billion, up $2.5 billion from prior guidance, in the full year of 2018.
Intel generated $5.2 billion (+24 percent) from data center business, $8.2 billion (+3 percent) from client computing, $1.040 billion (+20 percent) from NSG, $840 million (+17 percent) from IOTG and Mobileye, and $498 million (+17 percent) from PSG business.
Intel said PSG revenue rose 17 percent driven by strength in Datacenter, Embedded & last-time-buys, while IOTG revenue up 17 percent fuelled by retail and video.
“Our PC business continued to execute well and our datacentric businesses grew 25 percent, accounting for nearly half of first-quarter revenue,” Intel CEO Brian Krzanich said.
The Data Center Group achieved growth in all market segments and saw increasing adoption of Intel Xeon Scalable processors, including for artificial intelligence (AI) workloads.
Non-Volatile Memory Solutions Group revenue grew 20 percent due to demand for storage among its OEM customers.
Intel is making 14 nm process optimizations and architectural innovations in both data center and client products targeting for the year 2018. Intel is currently shipping low-volume 10 nm product and will shift 10 nm volume production to 2019.
