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Slowing Data Center Revenue Growth Dims Intel's Profit Beat


Ron Burgundy
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Shadows are cast near Intel logo at the 2015 Computex exhibition in Taipei, TaiwanBy Anya George Tharakan and Arathy S Nair (Reuters) - Intel Corp's strong quarterly profit beat was overshadowed by concerns about slowing revenue growth in its highly profitable data center business, sending its shares down about 5.6 percent in after-market trading. Chief Executive Brian Krzanich has looked to weather a slump in demand for chips used in personal computers by focusing on the business of supplying chips for high-end servers. The world's largest chipmaker reported data center revenue of $4.31 billion in the fourth quarter ended Dec. 26, missing consensus estimate of $4. ...




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