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Microsoft, Intel chug along as smartphone players stumble

Microsoft CEO Satya Nadella
Microsoft CEO Satya Nadella. Photo: Microsoft

PC giants Intel and Microsoft turned in better-than-expected financial results on Thursday even as the companies that rely on smartphones warned of sluggish demand.

The bottom line: In both cases, it was their data center businesses, not PCs, fueling the growth. That said, it must come as some comfort to executives and long-term shareholders as both companies have taken lots of lumps for missing out on the mobile wave.