As a longtime bull, I was somewhat disappointed with Intel's (NASDAQ: INTC) first quarter. Yes, total revenue climbed 8% to $14.8 billion to kick off the year marking yet another record-breaking quarter, but there were also warning signs, including anemic growth in what has become Intel's core focus: Namely data centers and the Internet of Things (IoT).
Old-school PCs were, and still are, the primary revenue driver, but as investors saw in Intel's second quarter, the so-so start to 2017 was little more than a blip on the radar. PC sales are still leading the way, but CEO Brian Krzanich's transformation to high-growth markets rebounded which is one reason I still love Intel.
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Source: Fool.com