Feeds

Intel grazes Q2 numbers, but 'growth will be slower' in Q3

Revises full-year projections downward

Beginner's guide to SSL certificates

Intel has reported its second-quarter 2012 financial results, and you can almost hear the Wall Street moneymen breathe a muted sigh of relief – although the sound of popping champagne corks is not likely to be heard.

Although total Q2 earnings were just under expectations at $13.5bn, the all-important earnings-per-share (EPS) numbers came in just a hair above the moneymen's projections, at 54¢.

Wall Street Cheat Sheet had reported that the "consensus estimate" on said Street was for revenues of $13.56bn and and EPS of 52¢, citing Thompson Reuters First Call. Intel itself had forecast earnings to be in the $13.1bn to $14.1bn range.

"The second quarter was highlighted by solid execution with continued strength in the data center and multiple product introductions in Ultrabooks and smartphones," Intel president and CEO Paul Otellini said in a statement accompanying the financial report.

The Q2 revenue and EPS numbers were an improvement over the previous quarter – a 5 per cent boost in revenues from Q1's $12.9bn, and a penny pop in EPS from last quarter's 53¢. Income, however, was down on a year-to-year basis, from $2.95bn in the year-ago quarter to $2.83bn in this year's Q2.

Otellini also cautioned against irrational exuberance for next quarter's report. "As we enter the third quarter, our growth will be slower than we anticipated due to a more challenging macroeconomic environment," he said. Revenue for the full fiscal year 2012 is projected to be up between 3 per cent and 5 per cent when compared to 2011, "down from the prior expectation for high single-digit growth."

That caution is undoubtedly related to the ongoing worldwide drop in PC sales, which itself is being caused not only by the softness in the global economy, but also by prospective purchasers postponing their hardware buys until Windows 8 is released.

(Sure, let's all blame Microsoft.—Ed.)

That said, Intel's guidance for Q3 is not all that shabby, with revenues projected to be $14.3bn, plus or minus $500m. Slow growth, to be sure, but these days any growth at all is to be welcomed.

Maybe champagne may not be in order, but a pint? Why not? ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.