Feeds

Intel's bottom line turns greener than green in Q3

How chipper (ouch)

Build a business case: developing custom apps

Intel looked less lumbering and more revitalized in its third quarter. The chip maker boosted revenue 15 per cent to $10.1bn. It also pumped net income higher by 43 per cent to $1.9bn. That's a healthy chunk of change to keep on hand for a rainy day.

It was not too long ago that AMD was wreaking havoc on a bloated, lethargic Intel. Over the past year and a bit, however, Intel has revamped its product line to show better performing chips that consume less power. In addition, the company laid off thousands of workers.

Mobile and server chip sales drove Intel's growth during the third quarter.

Mobile processors, for example, accounted for $2.8bn in revenue this quarter, which compares to $2.2bn in the same period last year. Meanwhile, PC and server chip sales increased to $3.9bn from $3.5bn.

The rising demand for Intel processors did not stop the company from keeping a price war of sorts in play against AMD. Intel's average selling price for products remained flat during the quarter.

Still, Intel managed a significant rise in gross margins to 52.4 per cent - up from 46.9 per cent in the immediately prior quarter - thanks to higher chip shipments and lower manufacturing costs.

Looking forward, Intel expects revenue between $10.5bn and $11.1bn in the fourth quarter.

Investors seemed happy enough with Intel's results and outlook, sending shares up close to five per cent in after-hours trading to $26.70 at the time of this report. ®

The essential guide to IT transformation

More from The Register

next story
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
End of buttons? Apple looks to patent animating iPhone sidewalls
Filing suggests handset with display strips
One step closer to ROBOT BUTLERS: Dyson flashes vid of VACUUM SUCKER bot
Latest cleaner available for world+dog in September
Samsung Gear S: Quick, LAUNCH IT – before Apple straps on iWatch
Full specs for wrist-mounted device here ... but who'll buy it?
Apple promises to lift Curse of the Drained iPhone 5 Battery
Have you tried turning it off and...? Never mind, here's a replacement
Now that's FIRE WIRE: HP recalls 6 MILLION burn-risk laptop cables
Right in the middle of Burning Mains Man week
Apple's iWatch? They cannae do it ... they don't have the POWER
Analyst predicts fanbois will have to wait until next year
Tim Cook in Applerexia fears: New MacBook THINNER THAN EVER
'Supply chain sources' give up the goss on new iLappy
Reg man looks through a Glass, darkly: Google's toy ploy or killer tech specs?
Tip: Put the shades on and you'll look less of a spanner
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
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.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.