Intel's quarterly revenue beats estimates

(Reuters) - Intel Corp reported a 9.8 percent rise in quarterly revenue on Thursday ahead of analysts' estimates, boosted by a stabilizing PC market and a rise in demand for its data center services. Intel's net revenue rose to $16.37 billion from $14.91 billion, beating the average analysts' estimate of $15.75 billion, according to Thomson Reuters I/B/E/S. Revenue from the data center business rose 8.4 percent to $4.67 billion in the fourth quarter, while revenue from its traditional PC busines