Intel's quarterly results reflect its move to cloud computing

San Francisco

INTEL Corp, the world's largest maker of semiconductors, is changing with the times. On Tuesday, it announced quarterly earnings that reveal that it is well on its way to embracing the tech industry's fast-growing cloud computing businesses.

Intel's net income for the three months ended Sept 26 was 64 US cents a share, above the projections of Wall Street analysts. According to a survey by Thomson Reuters, analysts thought Intel would make 59 cents a share, down from 66 US cents a year ago. Revenue was US$14.5 billion, down slightly from US$14.6 billion a year ago, and above projections of US$14.2 billion.