With the emergence of smartphones, tablets and cloud services, analysts called these times as the post-PC era. Gone are the usual hassles of saving data to a particular PC only to be attacked with malicious viruses. PC sales are dwindling and taking a hit on PC manufacturers.

Yesterday, Intel posted its second quarter earnings which exceeded Wall Street estimates.  The company reported a profit of 59 cents per share compared 51 cents per share estimates. Intel also had record-setting revenue of $13.1 billion, versus Wall Street’s estimate of $12.8 billion.

Just this week, Gartner released a study indicating a 2.3% increase in PC shipments worldwide. Contrary to popular belief, PC sales for Intel grew by 11% year-over-year.

Intel President and CEO Paul Otellini is confident that tablets could not crush the PC market. “My thoughts haven’t really changed – even after the numbers from Apple,” he replied, during the conference call. “I believe that this category is additional to computing – I think it’s a device that some people will use as a standalone device, but some will use as a companion device.”

Emerging markets overseas also contributed to the company’s revenue. Turkey, Brazil and India play a significant role in the company’s growth.

Intel sees growth in its core business areas. As stated earlier, PC sales grew by 11%. Intel data center also had a revenue growth of 15%. The newly acquired security giant McAfee and chip supplier Infineon Wireless Solutions contributed $1 billion in revenue.

Just within the week, Intel made an important acquisition that could move them in the ranks with Cisco. They acquired Fulcrum Microsystems Inc., a privately held company which designs Ethernet switch silicon for data center network providers. Intel is no stranger in the networking chips space. Over the years, they have been focusing in the technology behind networking cards in PCs. However this time, they will now be focusing on switching systems, though it’s still a part of their larger chips initiatives.

Looking ahead, Intel expects revenue between $13.6 billion and $14.6 billion for the third quarter.