Feeds

Intel's Q1 'a little better' than expected

Modest 16 per cent growth

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Intel today tightened its first quarter revenue forecast to reflect stronger than usual sales.

The chipmaker, during its typical mid-quarter update, said revenue should come in between $9.2bn and $9.4bn. That's at the high end of a previous forecast that ranged between $8.8bn and $9.4bn. Solid microprocessor sales and meaty gross margins have helped Intel out so far during its first quarter.

"It's just a little bit better than we expected," Intel CFO Andy Bryant said about the period, during a conference call with financial analysts.

If Intel hits the latest revenue range, it would show 14 per cent to 16 per cent growth over the same quarter last year. It now expects a gross profit margin of 57 per cent, plus or minus a point, as compared to a previous forecast of 55 per cent, plus or minus a point. Intel pointed to lower than expected chip production costs for the boost.

Shares moved slightly higher during after-hours trading and sat at $25.30, at the time of this report. ®

Related stories

AMD details its Turion mobile processor
Nvidia previews nForce 4 SLI Intel Edition
AMD 'Athlon 64 4200+' benchmarks surface
TI cuts Q1 sales forecast
Japan calls Intel to task over anti-AMD rebates

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.