Intel's Data Center Business Falls Short of Target, Again
- Record quarterly revenue fueled by surge in memory chips
- PC unit posts growth as overall market decline slows
Breaking Down the Earnings From Microsoft and Intel
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Intel Corp.’s quarterly earnings served as a warning that its best business, server chips, isn’t living up to the company’s expectations.
The Data Center Group had sales of $4.2 billion in the three months ending April 1, Intel said in a statement Thursday. That’s below the company’s long-term goal of double-digit percentage growth and points to more weakness in corporate buying of equipment.