Intel Corp. (NASDAQ: INTC), the world largest computer chip maker, has reported a $12.8 revenue, 25% increase from $10.3 billion a year ago and higher than the $11.6 billion that analysts predicted. Intel’s net income rose 29% to $3.16billion($0.59 EPS). A year ago Intel earned $2.44 billion($0.43 EPS).
The results are far better than the Wall Street’s expectations. With PC sales slowdown and the rise of Apple products, most of the analyst didn’t expect much from Intel. But Intel has set new records for their revenue and profit, with it’s PC sales grew 17% over the last year.
CEO Paul Otellini, said that they had an all time record of growth by experiencing double digit annual growth in all of their major product segments.
Posts
0 comments:
Post a Comment