Intel reports better-than-expected earnings as data center drives Q2 growth

Intel reported second-quarter earnings that beat analyst estimates, driven by revenues from data center chips, programmable solutions, and the Internet of Things. But the company warned it is cautious about the core PC market.
In the previous quarter, Intel said it would lay off 12,000 employees. That was a clear sign that Intel intended to do something dramatic to deal with its weakness in mobile chips and the steady decline of the personal computer. Intel is a bellwether for the PC market