Intel’s cloud business isn’t making it rain
By Therese Poletti
Published: July 20, 2016 7:57 p.m. ET
Opinion: Data center sector disappoints, CEO contradicts himself with projection
http://www.marketwatch.com/story/intels-cloud-business-isnt-making-it-rain-2016-07-20?siteid=yhoof2&yptr=yahoo
The numbers were terrible, but yeah the executives talked a good talk. Sorry it is th business that matters and it was terrible!
@jxg-"BK and stacy did well", the BK who looked clueless on the question about ARM?
There are lot of negative and animosity people out there. BK and stacy did well, everyones working hard. Mgmt at Executive level are running business as its supposed to. Employees are working hard. So i guess it should be good.Some ACTs were essential, did it really reach those who had to be ACTd is a diffrent question. But the episode comments were very hilarious!!
DCG growth of only 5% this quarter is really really bad ... they are expecting 15% for the year but I'm pretty sure they will miss. And since this is the main source of revenue/profit going forward (IoT only grew 2% and is still a really small business), Intel faces extremely tough times ahead. Q3 and Q4 will definitely be make or break quarters for the company.
Client is down way down, modems will be sold at loss, IoT is irrelevant and will be a center for more losses.
Cloud is the only area that is growing, but with 10nm slips and ARMy advances the end next generation is slipping and the competitors are circling and the end is nearing.
The drop in revenue is a terrible sign that the virtuous cycle continues a to deteriorate and will require more layoffs.