Feeds

Intel makes $2 billion profit in Q1

But Q2 will be flat, Barrett warns

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

Intel turned in $7.1 billion with profits of $2 billion for its first financial quarter. That compares with revenues in Q1 1998 of $6 billion, an 18 per cent rise. But revenues in Q1 1999 fell by seven per cent compared to the last quarter of its 1998 financial year. However, net profit of $2 billion in the quarter rose by 57 per cent, year on year, although there was a small drop in net profits of three per cent compared to Q4 1998. Craig Barrett, Intel's CEO and president, said: "As we expected, revenue declined from the prior quarter reflecting a seasonally slower selling period." Intel said revenues for Q2 of 1999 will flat, because of seasonal factors, while its gross margin will also be flat. However, gross margin in Q1 is a staggering 59 per cent. Expenses will be higher in Q2 because of more spending on R&D and merchandising. Intel will spend $3 billion on R&D in 1999. ®

Internet Security Threat Report 2014

More from The Register

next story
BIG FAT Lies: Porky Pies about obesity
What really shortens lives? Reading this sort of crap in the papers
Assange™ slumps back on Ecuador's sofa after detention appeal binned
Swedish court rules there's 'great risk' WikiLeaker will dodge prosecution
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
NSA mass spying reform KILLED by US Senators
Democrats needed just TWO more votes to keep alive bill reining in some surveillance
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?