Feeds

Intel reports (mostly) solid revenue growth

Double digits across all segments – except Atom

Secure remote control for conventional and virtual desktops

Intel's second quarter of 2011 was a good one, beating Wall Street estimates and showing double-digit revenue growth across all major business segments. But weakness at the low end of the market shows that the world's largest microprocessor maker has its vulnerabilities.

"We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time," said Intel headman Paul Otellini in a prepared statement. The consensus on the Street, according to FactSet Research, was that the company would pull in $12.8bn during the quarter.

When measured using generally accepted accounting principles (GAAP) metrics, that $13bn revenue was up $2.3 billion from the same quarter last year, a rise of 21 per cent. Net income, however, was up a much smaller amount: at $3bn, it rose a mere $67m, a 2 per cent year-on-year bump.

Non-GAAP figures were higher in each case – especially net income, which grew by 10 per cent to $3.2bn, a rise of $290m, when those pesky generally accepted principles were laid aside.

Each of Intel's three major business groups saw solid revenue growth: the PC Client Group was up 11 per cent year-on-year, the Data Center Group up 15 per cent, and the catch-all Other Intel Architecture Group was up 84 per cent.

News was not rosy in all the subgroups, however. Atom processor and chipset revenue was down 15 per cent to $352 million, likely due at least in part to the netbook-cannibalization effect of Apple's iPads – oh, and maybe some other tablets, as well. Possibly.

Otellini credited the generally peachy results to "strong corporate demand for our most advanced technology, the surge of mobile devices and internet traffic fueling data center growth, and the rapid rise of computing in emerging markets."

You'll notice that his reference to the rise of mobile devices as a contibuting factor to Intel's healthy quarter spoke only of their influence on data center expansion, and not on sales of his company's low-power microprocessors. Intel still has its work cut out for it in that segment before it can realistically attempt to pry a chunk of that rapidly expanding market away from the increasingly strong grip of ARM. ®

Secure remote control for conventional and virtual desktops

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
Fast And Furious 6 cammer thrown in slammer for nearly three years
Man jailed for dodgy cinema recording of Hollywood movie
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

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.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Scale data protection with your virtual environment
To scale at the rate of virtualization growth, data protection solutions need to adopt new capabilities and simplify current features.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
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?