Intel reported quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses made up for continued weak demand for its chips used in personal computers. "We executed well in the third quarter and delivered solid results in a challenging economic environment," said Brian Krzanich, Intel CEO. "The quarter demonstrates Intel innovation in action. Customers are excited about our new 6th Gen Intel Core processor, and we introduced our breakthrough 3D XPoint technology, the industry’s first new memory category in more than two decades."

The company's total revenue for Q3 2015 was $14.5 billion, up 10% versus Q3 2014 and approximately flat versus Q3 2014.

Revenue from the data center business, its second largest, jumped nearly 12 percent to $4.14 billion in the third quarter, as increased adoption of cloud services spurred demand for the company's chips.

Intel said revenue from its PC business, its largest, fell 7.5 percent to $8.51 billion in the third quarter ended Sept. 26.

Internet of Things Group revenue of $581 million, up 4 percent sequentially and up 10 percent year-over-year.

Software and services operating segments revenue of $556 million, up
4 percent sequentially and flat year-over-year.

Intel's net income fell to $3.11 billion, or 64 cents per share, from $3.32 billion, or 66 cents per share, a year earlier.

Net revenue declined to $14.47 billion from $14.55 billion.

The company said it expected fourth-quarter revenue of $14.8 billion, plus or minus $500 million.