Intel Corporation reported that its full-year revenue in 2015 totaled $55.4bn, recording net profit of $11.4bn compared to $55.9bn in revenues during 2014, marking a 1% decrease. For the fourth quarter (Q4) of 2015, Intel recorded $14.9bn in revenues and $3.6bn in net profit.
According to Intel’s earning results, which detailed the revenues of each business unit, Intel’s Client Computing Group recorded a revenue of $32.2bn, down by 8% compared to 2014. The Data Centre Group achieved $16.0bn in revenue, marking an 11% increase compared to 2014.
The results added that Intel’s Internet of Things Group recorded a revenue of $2.3bn, marking a 7% increase compared to 2014. In addition, Software and service operating segments registered a revenue of $ 2.2bn, down by 2% from 2014.
Intel’s spending on research, development, and acquisitions increased to $20.1bn in 2015 compared to $19.7bn in 2014, of which $5.2bn was spent during Q4 of 2015 compared to $5bn over Q4 of 2014.
Intel Corporation is planning to increase spending on research, development, and acquisitions to $21.3bn during 2016, of which $5.5bn are expected to be spent during Q1 of 2016.