Intel Corp (INTC.O) reported better-than-expected quarterly profit and revenue as strong performance in its data center and Internet-of-Things businesses more than made up for continued weak demand for its chips used in personal computers.

Shares of the world’s largest chipmaker rose marginally in after-market trading on Tuesday.

The company also cut its 2015 capital expenditure for the third time to $7.3 billion, plus or minus $500 million.

Intel had previously forecast capital expenditure at $7.7 billion, plus or minus $500 million.

Revenue from Intel’s 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.

The company’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 fell to $14.47 billion from $14.55 billion.

Analysts on average had expected a profit of 59 cents per share and revenue of $14.22 billion, according to Thomson Reuters I/B/E/S.

The company’s shares closed at $32.04 on the Nasdaq on Tuesday.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Sriraj Kalluvila)

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