Intel has reported Q2 revenue and profit topping analysts’ expectations and raising its year outlook, citing higher expectations for PC sales this year. Revenue in the three months ended June rose to US$14.8 billion. Analysts had been modeling $14.4 billion.

Intel’s division selling chips for PCs, dubbed Client Computing, saw sales rise 12pc from the prior-year period to $8.2 billion. Server-chip sales were up 9pc at $4.4 billion; the Internet of Things group was up 26pc at $720 million; and the memory-chip business was up 58pc at $874 million – while “programmable solutions” were down five percent.

Intel says that its cloud and communications service provider segments combined to make up nearly 60 percent of total datacentre group (DCG) revenue.