Feeds

Intel reports record first quarter

Double-digit growth across the board

The essential guide to IT transformation

Intel's first-quarter 2011 revenue set a new company record at $12.8bn, exceeding the Wall Street moneymen's predictions and causing Chipzilla's stock to pop up as high as six per cent in after-hours trading.

"The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies," Intel president and chief executive Paul Otellini in a prepared statement.

Earnings per share (EPS) also set a record at 56 cents. Both revenue and EPS figures as cited are according to GAAP (generally accepted accounting principles); non-GAAP figures were $12.9bn and 59 cents. GAAP net income was $4.2bn; non-GAAP net income was $4.3bn.

On a GAAP basis, revenue was up 12 per cent over the previous quarter and 25 per cent year-on-year. Net income was up three per cent sequentially, but a hefty 34 per cent year-on-year. EPS was up five per cent since the previous quarter, and a whopping 37 per cent over the same period in 2010.

As Otellini said in his statement, each of Intel's reporting groups showed solid gains: year-on-year, the PC Client Group's revenue was up 17 per cent; the Data Center Group, 32 per cent; the "other Intel architecture group" up an impressive 70 per cent; and Atom and chipset revenue up four per cent.

There is one small caveat to these numbers, however: the first quarter of 2011 was one week longer than the same period in 2010, since, as the company "realigned its fiscal year with the calendar year."

Otellini remains bullish on future growth. "These outstanding results," he said, "combined with our guidance for the second quarter, position us to achieve greater than 20 per cent annual revenue growth," for the whole of fiscal year 2011. ®

Next gen security for virtualised datacentres

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
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 Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
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.
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?