The announcement is showing that Intel is able to survive in a weak PC market but its growth leant rather heavily on its data centre business.

Intel's Client Computing Group, which includes its PC and mobile businesses, saw $8.5 billion in revenue, this quarter, down 7 per cent from a year ago. But the Data Centre Group, now its fastest growing segment, reported an all-time high $4.1 billion in sales, up 12 per cent year-over-year, while its Internet of Things group's revenue also jumped 10 per cent from the same quarter of last year.

However Intel's hopes counting on the data centre business to help offset declining demand for its chips used in PCs might not pan out in the longer term.

Intel now expects data centre business to grow in "low double digits" in 2015, compared with its earlier forecast of about 15 percent growth.

The PC market is hoping the release of Microsoft's new Windows 10 operating system, combined with Intel's latest Skylake chip sets, will revive its overall sales. Although the PC market hasn't seen much impact yet from the two products release, Intel CEO Brian Krzanich pointed out during the earnings call that it's still early.

"You should look at the ability to upgrade to Windows 10 today, actually on-shelf upgraded systems aren't available until later this month," he said. "Some of these transitions are going to take some time, so I'm very cautious to say how fast and when."

 

"So I do see this as a great opportunity, and that we should see some tailwinds pushing us in the PC market, but it's going to be over time. It's not going to be next quarter and it jumps," he added.

Investors seem less bullish on the company after Intel lowered guidance on its data centre revenue growth for this quarter.