Intel profit leaps to $3.2 billion, crushes estimates

Inte logoIntel posted blockbuster first-quarter net income of $3.2 billion, up 29 percent over the same period last year. Revenue came in at $12.8 billion, up 25 percent year-over-year.

Earnings per share were 56 cents (and 59 cents non-GAAP). Analysts had been expecting 46 cents a share.

In the same period last year, the chipmaker's revenue was $10.3 billion, or 43 cents per share. Last year's first-quarter profit was $2.4 billion.

"The first-quarter revenue was an all-time record for Intel fueled by double-digit annual revenue growth in every major product segment and across all geographies," Intel President and CEO Paul Otellini said in a statement. "These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth."

One of the key financial indicators, gross margin, hit 62 percent, Intel said, down 1 percentage point compared to the same period last year.

For the second quarter, the company forecasts revenue of $12.4 billion plus or minus $500 million, which is also ahead of estimates.

Revenue by group:

  • Overall, Intel Architecture Group first quarter revenue was $12.2 billion, up 23 percent year over year
  • The PC Client Group had revenue of $8.6 billion, up 17 percent year over year
  • Data Center Group revenue was $2.5 billion, up 32 percent year over year.
  • IMC, formerly the Infineon wireless division, contributed $336M to the first quarter 2011 revenue.

With PC shipments approaching 400 million units this year, Otellini said that Intel's aggressive forecasts for PCs differ from market research firms, which have reduced forecasts for PCs in 2011. "Our views differ from some of theirs. Emerging markets forecasts are not well reflected [in market research firms numbers]," Otellini said.

Source: CNET

Tags: Intel, report

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Consumer group recommends iPhone 8 over anniversary model
 
LTE connections wherever you go and instant waking should come to regular PCs, too
 
That fiction is slowly becoming a reality
 
The Snapdragon 845 octa-core SoC includes the Snapdragon X20 LTE modem
 
Human moderators can help make YouTube a safer place for everyone
 
Google says Progressive Web Apps are the future of app-like webpages
 
All 2018 models to sport the 'notch'
 
The biggest exchange in South Korea, where the BTC/KRW pair is at $14,700 now
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 /
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
     12
3456789
10111213141516
17181920212223
24252627282930
31      




Poll

Do you use microSD card with your phone?
or leave your own version in comments (4)