Intel's data center focus powers revenue, profit beat

(Reuters) - Intel Corp reported better-than-expected quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses more than made up for continued weak demand for its chips used in personal computers. The company also cut its 2015 capital expenditure for the third time to $7.3 billion, plus or minus $500 million. Intel had previously forecast capital expenditure at $7.7 billion, plus or minus $500 million.