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New York - US computer chip giant Intel reported a modest dip in earnings in the first quarter on Tuesday, amid a stabilisation of the key personal computer segment.
Profits in the January-March period dipped 5% to $1.9bn, results which slightly beat Wall Street estimates.
Revenues meanwhile grew 1.5% from a year earlier to $12.8bn, in line with analyst expectations.
Intel said revenues from its PC division dipped just 1% to $7.9bn, as the sector steadied after years of losing ground to mobile devices.
Intel said its data centre or "cloud" revenues rose 11% to $3.1bn.
"In the first quarter we saw solid growth in the data centre, signs of improvement in the PC business, and we shipped five million tablet processors, making strong progress on our goal of 40 million tablets for 2014," said chief executive Brian Krzanich.
"Additionally, we demonstrated our further commitment to grow in the enterprise with a strategic technology and business collaboration with Cloudera," a software group in which Intel made a large investment this year.
Intel shares rose one percent in after-hours trade following the results.
