Intel’s “Best Quarter Ever” Gains Almost $11B Revenues

Who’s said that after the tragic recession, now here comes Intel shouting their “Best Quarter Ever” with revenues of 10.8 billion and net income of $2.9 billion –so far the best quarter ever in the 42-year history of the company.

“The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future,” said CEO Paul Otellini.

“Year-over-year, revenue was up 34% and net income a staggering 175% as compared to Q2 2009. One of the highlights of the company’s quarterly report was the Intel Atom microprocessor and chipset revenue of $413 million, a 16% increase sequentially.”
This was absolutely the result of positive feeds for their high-end and mid-range processors that seems totally flying out of the shelves. Notably, we’ve seen some of the known computer manufacturers have equipped their devices with Intel procs including the recently unveiled i3s and i5s.
“In Q2, the company spent $3.25 billion on research and development (R&D) and mergers and acquisitions (M&A). The company saw a net gain from equity investments of $204 million, around $25 million more than expected. Intel’s finance team forecasts a Q3 revenue of $11.6 billion.”

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