Client computing group revenue was down 1 percent year-over-year, while datacenter group sales rose 5 percent year-over-year. Internet of Things revenue soared 6 percent year-over-year and non-volatile memory solutions (flash) revenue rose 10 percent year-over-year..
Taking a look at the company's 2015 full-year results, we see record revenue in data center, Internet of Things and non-volatile memory solutions. Client computing revenue fell 8 percent from 2014, while data center group revenue soared 11 percent. Internet of Things revenue rose 7 percent and non-volatile memory group revenue skyrocketed 21 percent.
For 2016, Intel anticipates mid to high single digits revenue growth, which is higher than Wall Street consensus. Intel is also rewarding its shareholders by hiking its quarterly dividend to 26 cents, an increase of 2 cents per share.
Despite the earnings beat, Intel's shares are down 2.73 percent to $31.85 in after-hours trading as investors are worried about Intel's forecast of gross margins dropping to 58 percent in Q1 2016, versus 64.3 percent in Q4 2015.
Intel Corporation today reported full-year revenue of $55.4 billion, operating income of $14.0 billion, net income of $11.4 billion and EPS of $2.33. The company generated approximately $19.0 billion in cash from operations, paid dividends of $4.6 billion and used $3.0 billion to repurchase 96 million shares of stock.
For the fourth quarter, Intel posted revenue of $14.9 billion, operating income of $4.3 billion, net income of $3.6 billion and EPS of 74 cents. The company generated approximately $5.4 billion in cash from operations, paid dividends of $1.1 billion, and used $525 million to repurchase 17 million shares of stock.
“Our results for the fourth quarter marked a strong finish to the year and were consistent with expectations,” said Brian Krzanich, Intel CEO. “Our 2015 results demonstrate that Intel is evolving and our strategy is working. This year, we’ll continue to drive growth by powering the infrastructure for an increasingly smart and connected world.”
Full-Year 2015 Business Unit Trends
Client Computing Group revenue of $32.2 billion, down 8 percent from 2014. Center Group revenue of $16.0 billion, up 11 percent from 2014. Internet of Things Group revenue of $2.3 billion, up 7 percent from 2014. Software and services operating segments revenue of $2.2 billion, down 2 percent from 2014. Non-Volatile Memory Solution Group revenue up 21 percent from 2014.
Q4 Business Unit Trends
Client Computing Group revenue of $8.8 billion, up 3 percent sequentially and down 1 percent year-over-year. Data Center Group revenue of $4.3 billion, up 4 percent sequentially and up 5 percent year-over-year.
Internet of Things Group revenue of $625 million, up 8 percent sequentially and up 6 percent yearover-year. Software and services operating segments revenue of $543 million, down 2 percent sequentially and down 3 percent year-over-year. Non-Volatile Memory Solution Group revenue was flat sequentially and up 10 percent year-overyear.