Intel Unveils Changes to Financial Reporting Structure

Intel Corp. (INTC) unveiled a series of changes to how it will report results for its operating segments, including breaking out results of its newly formed group that focuses on everyday home and business items that are connected to the Internet.

The so-called Internet of Things Group includes a portion of the company's intelligent systems group, as well as the Wind River Software Group, Intel said on Monday.

The Silicon Valley company has been overhauling the top end of its chip line for server systems, banking on an explosion of new applications that require heavy-duty data analysis.

Intel in February unveiled additions to its Xeon chip line that the company said offers twice the average performance of prior models, while quadrupling their capacity to exchange data with other parts of a system.

Intel, building on microprocessor technology that began in personal computers, already accounts for more than 90% of chip sales for servers that do chores like serving up Web pages. The company's new Xeon E7 v2 family is designed for more complex jobs, where chips from companies like International Business Machines Corp. (IBM) and Oracle Corp. (ORCL) are still often used.

The chip maker is betting that demand will grow rapidly for such servers to handle "real-time analytics'-sifting through huge volumes of data as it is generated from sources like point-of-sale terminals, networks of security, and other home and business devices often categorized as part of the Internet of Things.

The company said other segments that will have revenue and operating income broken out on Intel's financial statements include the PC Client group, Data Center group, mobile and communications group, software and services operating segments and the all other category.

Intel is slated to report first-quarter earnings on April 15.

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