Intel posts record quarter, revenue up 34%

By on July 13, 2010, 6:59 PM
Intel announced its second-quarter earnings today, with sales and profits amounting to "the best quarter in the company's 42-year history," according to CEO Paul Otellini. Chipzilla squashed analysts' expectations, posting net income of $2.9 billion on revenue of $10.8 billion a substantial increase from the same quarter in 2009, when the company recorded a loss of $398 million and revenue was 34% lower. Those results were deeply affected by a $1.45 billion fine courtesy of the EU.

Intel attributed its successful quarter to "strong demand from corporate customers" and called its PC and server businesses "healthy." Revenue for the company's PC Client Group, responsible for its desktop and mobile processors, increased 2% to $3.43 billion. Atom processors and chipsets alone raked in $413 million, a 16% jump sequentially. Meanwhile, Data Center Group revenue was up 13%, which could mark the end of a lengthy dry spell in enterprise spending.

Intel expects the cash to continue rolling in, predicting third quarter revenue of $11.6 billion (give or take $400 million).

User Comments: 3

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captaincranky captaincranky, TechSpot Addict, said:

Apparently the EU wants to post the same profit margin as Intel, but without the associated R & D costs. "We can't turn a decent profit on parking tickets, so we'll just take Intel's"!

I wonder how much of that 1.5 billion the actual "injured parties" were reimbursed.

dividebyzero dividebyzero, trainee n00b, said:

Spreading the wealth, captain!

Next up...the FTC...time to change the slogan from "Intel inside" to "Money inside"

Intel lawyer >>>>Croesus

captaincranky captaincranky, TechSpot Addict, said:

Yeah right, robbing the rich to give to the corrupt isn't exactly in the true spirit of Robin Hood, now is it....?

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