A strategic pivot by Intel away from consumer CPUs and toward “Big Data”-focussed buyers continues to pay off, with over 50 percent of revenue coming from its “data-centric” collection of businesses for the first time, CEO Bob Swan said late Thursday.
Data Center Group (DCG) revenues hit a new record of $7.2 billion, powered heavily by demand from cloud customers. Cloud revenue was up 48 percent year-on-year.
CFO George Davis told analysts that Intel is expecting “an exceptionally strong Q1 as cloud customers continue to build capacity and adopt our highest-performing products.
The news came as Intel reported all-time record high revenues