Feeds

Intel claims 'best quarter ever'

Wall-Street guesstimators beaten

Top 5 reasons to deploy VMware with Tegile

Intel announced its second-quarter earnings today, with numbers that add up to what chief Paul Otellini called "the best quarter in the company's 42-year history."

The mega-chipmaker's revenue for the quarter was $10.8bn and 51 cents per share. According to the Wall Street Journal, the consensus of top moneymen was that Chipzilla was going to weigh in at $10.25bn and 43 cents per share.

Net income was $2.9bn, which was up $445m from the first quarter of this year, and up a hefty $3.3bn from the execrable second quarter of last year.

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

When Otellini said "healthy", he had the numbers to back up that statement: revenue from the PC Client Group was up two per cent since last quarter and revenue from the Data Center Group up 13 per cent in the same period.

The long-awaited enterprise recovery, it seems, may actually be gathering steam. Finally.

In addition, Intel's Q2 2010 saw record mobile-processor revenue and record server-processor revenue.

The company also sees sunny days ahead, with projections of revenue in Q3 2010 to be $11.6bn (plus or minus $400m) and gross margins to be 67 per cent (plus or minus "a couple percentage points"). The WSJ had said that guesstimating moneymen had hoped for revenue projections of $10.92bn.

If momentum continues from "the best quarter in the company's 42-year history," those Q3 estimates may see more pluses than minuses for Chipzilla — and perhaps for an IT economy riding on its massive tail. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.