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G2 News

July 03 2013

Fortinet to Announce Second Quarter 2013 Financial Results

Fortinet to Announce Second Quarter 2013 Financial Results …read more Via: Shareholder

July 02 2013

Nine HIPAA Network Considerations

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) Omnibus Final Rule, released January 2013, introduced some significant changes [...] …read more Via: Cisco Security Blog

July 01 2013

Chip Shot: IntelĀ® System Studio Extended to Linux* Embedded App Developers

Intel is expanding its Intel

Industry News

April 16 2014

Cisco Live 2014 San Francisco: Security Technology Track

Cisco Live, May 18-24, 2014, is quickly approaching and registration is open. This is the 25th anniversary of Cisco Live and we return to the Bay Area at San Francisco’s Moscone Center. Educational sessions are organized into technology tracks to make …

April 15 2014

Intel Reports First-Quarter Revenue of $12.8 Billion Operating Income of $2.5 Billion, up 1 Percent Year-over-Year

  • PC Client Group revenue of $7.9 billion, down 1 percent year-over-year
  • Data Center Group revenue of $3.1 billion, up 11 percent year-over-year
  • Net Income of $1.9 billion, down 5 percent year-over-year
  • EPS of 38 cents, down 5 percent year-over-year

SANTA CLARA, Calif., April 15, 2014 — Intel Corporation today reported first-quarter revenue of $12.8 billion, operating income of $2.5 billion, net income of $1.9 billion and EPS of 38 cents. The company generated approximately $3.5 billion in cash from operations, paid dividends of $1.1 billion, and used $545 million to repurchase 22 million shares of stock.

“In the first quarter we saw solid growth in the data center, signs of improvement in the PC business, and we shipped 5 million tablet processors, making strong progress on our goal of 40 million tablets for 2014,” said Intel CEO Brian Krzanich. “Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera, we introduced our second-generation LTE platform with CAT6 and other advanced features, and we shipped our first Quark products for the Internet of Things.”

Q1 Key Business Unit Trends

  • PC Client Group revenue of $7.9 billion, down 8 percent sequentially and down 1 percent year-over-year.
  • Data Center Group revenue of $3.1 billion, down 5 percent sequentially and up 11 percent year-over-year.
  • Internet of Things Group revenue of $482 million, down 10 percent sequentially and up 32 percent year-over-year.
  • Mobile and Communications Group revenue of $156 million, down 52 percent sequentially and down 61 percent year-over-year.
  • Software and services operating segments revenue of $553 million, down 6 percent sequentially and up 6 percent year-over-year.

Financial Comparison
Quarterly
Q1 2014 Q4 2013 vs. Q4 2013
Revenue $12.8 billion $13.8 billion down 8%
Gross Margin 59.7% 62.0% down 2.3 pts.
R&D and MG&A $4.9 billion $4.8 billion up 1%
Operating Income $2.5 billion $3.5 billion down 29%
Tax Rate 27.7% 26.1% up 1.6%
Net Income $1.9 billion $2.6 billion down 26%
Earnings Per Share 38 cents 51 cents down 25%

Business Outlook

Intel’s Business Outlook does not include the potential impact of any business combinations, asset acquisitions, divestitures, strategic investments and other significant transactions that may be completed after April 15.

Q2 2014

  • Revenue: $13.0 billion, plus or minus $500 million.
  • Gross margin percentage: 63 percent, plus or minus a couple of percentage points.
  • R&D plus MG&A spending: approximately $4.8 billion.
  • Restructuring and asset impairment charges: approximately $100 million.
  • Amortization of acquisition-related intangibles: approximately $75 million.
  • Impact of equity investments and interest and other: approximately $75 million.
  • Depreciation: approximately $1.9 billion.

Full-Year 2014

  • Revenue: approximately flat, unchanged from prior expectations.
  • Gross margin percentage: 61 percent, plus or minus a few percentage points, 1 percentage point higher than prior expectations.
  • R&D plus MG&A spending: $18.9 billion, plus or minus $200 million, higher than prior expectations of $18.6 billion.
  • Amortization of acquisition-related intangibles: approximately $300 million, unchanged from prior expectations.
  • Depreciation: approximately $7.4 billion, unchanged from prior expectations.
  • Tax rate: approximately 27 percent for each of the remaining quarters of the year.
  • Full-year capital spending: $11.0 billion, plus or minus $500 million, unchanged from prior expectations.

For additional information regarding Intel’s results and Business Outlook, please see the CFO commentary at: www.intc.com/results.cfm.

Status of Business Outlook

Intel’s Business Outlook is posted on intc.com and may be reiterated in public or private meetings with investors and others. The Business Outlook will be effective through the close of business on June 13 unless earlier updated; except that the Business Outlook for amortization of acquisition-related intangibles, impact of equity investments and interest and other, restructuring charges, and tax rate,  will be effective only through the close of business on April 22. Intel’s Quiet Period will start from the close of business on June 13 until publication of the company’s second-quarter earnings release, scheduled for July 15, 2014. During the Quiet Period, all of the Business Outlook and other forward-looking statements disclosed in the company’s news releases and filings with the SEC should be considered as historical, speaking as of prior to the Quiet Period only and not subject to an update by the company.

Risk Factors

The above statements and any others in this document that refer to plans and expectations for the second quarter, the year and the future are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “may,” “will,” “should” and their variations identify forward-looking statements. Statements that refer to or are based on projections, uncertain events or assumptions also identify forward-looking statements. Many factors could affect Intel’s actual results, and variances from Intel’s current expectations regarding such factors could cause actual results to differ materially from those expressed in these forward-looking statements. Intel presently considers the following to be important factors that could cause actual results to differ materially from the company’s expectations.

  • Demand for Intel’s products is highly variable and, in recent years, Intel has experienced declining orders in the traditional PC market segment. Demand could be different from Intel’s expectations due to factors including changes in business and economic conditions; consumer confidence or income levels; customer acceptance of Intel’s and competitors’ products; competitive and pricing pressures, including actions taken by competitors; supply constraints and other disruptions affecting customers; changes in customer order patterns including order cancellations; and changes in the level of inventory at customers.
  • Intel operates in highly competitive industries and its operations have high costs that are either fixed or difficult to reduce in the short term.
  • Intel’s gross margin percentage could vary significantly from expectations based on capacity utilization; variations in inventory valuation, including variations related to the timing of qualifying products for sale; changes in revenue levels; segment product mix; the timing and execution of the manufacturing ramp and associated costs; excess or obsolete inventory; changes in unit costs; defects or disruptions in the supply of materials or resources; and product manufacturing quality/yields. Variations in gross margin may also be caused by the timing of Intel product introductions and related expenses, including marketing expenses, and Intel’s ability to respond quickly to technological developments and to introduce new products or incorporate new features into existing products, which may result in restructuring and asset impairment charges.
  • The tax rate expectation is based on current tax law and current expected income. The tax rate may be affected by the jurisdictions in which profits are determined to be earned and taxed; changes in the estimates of credits, benefits and deductions; the resolution of issues arising from tax audits with various tax authorities, including payment of interest and penalties; and the ability to realize deferred tax assets.
  • Gains or losses from equity securities and interest and other could vary from expectations depending on gains or losses on the sale, exchange, change in the fair value or impairments of debt and equity investments; interest rates; cash balances; and changes in fair value of derivative instruments.
  • Intel’s results could be affected by adverse economic, social, political and physical/infrastructure conditions in countries where Intel, its customers or its suppliers operate, including military conflict and other security risks, natural disasters, infrastructure disruptions, health concerns and fluctuations in currency exchange rates.
  • Intel’s results could be affected by the timing of closing of acquisitions, divestitures and other significant transactions.
  • Intel’s results could be affected by adverse effects associated with product defects and errata (deviations from published specifications), and by litigation or regulatory matters involving intellectual property, stockholder, consumer, antitrust, disclosure and other issues, such as the litigation and regulatory matters described in Intel’s SEC reports. An unfavorable ruling could include monetary damages or an injunction prohibiting Intel from manufacturing or selling one or more products, precluding particular business practices, impacting Intel’s ability to design its products, or requiring other remedies such as compulsory licensing of intellectual property.

A detailed discussion of these and other factors that could affect Intel’s results is included in Intel’s SEC filings, including the company’s most recent reports on Form 10-K.

Earnings Webcast

Intel will hold a public webcast at 2 p.m. PDT today on its Investor Relations website at www.intc.com. A webcast replay and MP3 download will also be available on the site.

Intel plans to report its earnings for the second quarter of 2014 on July 15, 2014. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, Executive Vice President and Chief Financial Officer, at www.intc.com/results.cfm. A public webcast of Intel’s earnings conference call will follow at 2 p.m. PDT at www.intc.com.

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

Intel, the Intel logo, Atom and Core are trademarks of Intel Corporation in the United States and other countries.

*Other names and brands may be claimed as the property of others.

April 15 2014

Chip Shot: New Release of Intel IT Mobile App Adds Infrastructure Services

Download Intel IT’s newly released ‘Infrastructure Services’ edition of the Intel IT Business Review mobile app. Connect with Intel IT on topics like big data and analytics, cloud and data center, innovation, mobility and more. Get the mobile app on your device and receive instant access to rich multimedia content from an extensive portfolio of articles, blogs, IT@Intel white papers, podcast and videos.

April 15 2014

Year-Long Exploit Pack Traffic Campaign Surges After Leveraging CDN

Anyone can purchase an exploit pack (EP) license or rent time on an existing EP server. The challenge for threat actors is to redirect unsuspecting web browsing victims by force to the exploit landing page with sustained frequency. Naturally, like most…

April 15 2014

Fortinet Leads Industry in Zero-Day Discoveries

Fortinet Leads Industry in Zero-Day Discoveries