Feeds

Intel claims 'best quarter ever'

Wall-Street guesstimators beaten

Bridging the IT gap between rising business demands and ageing tools

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. ®

Build a business case: developing custom apps

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
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
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.