Chipmaker giant Intel on Tuesday posted its revenue for the third quarter; according to the people at Intel, revenue in the third quarter alone jumped a total of 18 percent year-over-year. Profits on the other hand also shot up and broke new records as compared to the previous year numbers.
The world largest chip maker reported total revenue of a total of $11.1 billion, earning a total of 52 cents per share beating the analyst’s predictions of almost 50 cent per share increase. This amount is in comparison to a total of $9.1 Billion in revenue in the year earlier period. In the form of per share increase, it was 33 cents per share jump.
Intel, back in August, said that their third-quarter revenue results would be somewhat below the company’s outlook, due to a weaker and falling demand for PCs. At that time they said that they expect to post third quarter revenue of about $11 Billion.
Now coming over to the profit; Intel’s profit shot up in the third quarter to a staggering $3 billion, topping last year’s 3rd quarter profit amount of $1.9 billion. Intel CEO Paul Otellini said in a statement, “Intel’s third quarter results have set an all time record for revenues and income”. These results that the company has posted are basically driven by a solid customer base and a solid demand for corporate and general customers, sales of Intel leadership products and a surging growth in the emerging computer markets. He further added that looking forward, Intel is very much excited by the next generation processors that will be available in the markets, and these processors which are code named as Sandy Bridge will according to Paul define the future policy of Intel and will help to generate revenues in greater amount in future.
The world largest chip maker reported total revenue of a total of $11.1 billion, earning a total of 52 cents per share beating the analyst’s predictions of almost 50 cent per share increase. This amount is in comparison to a total of $9.1 Billion in revenue in the year earlier period. In the form of per share increase, it was 33 cents per share jump.
Intel, back in August, said that their third-quarter revenue results would be somewhat below the company’s outlook, due to a weaker and falling demand for PCs. At that time they said that they expect to post third quarter revenue of about $11 Billion.
Now coming over to the profit; Intel’s profit shot up in the third quarter to a staggering $3 billion, topping last year’s 3rd quarter profit amount of $1.9 billion. Intel CEO Paul Otellini said in a statement, “Intel’s third quarter results have set an all time record for revenues and income”. These results that the company has posted are basically driven by a solid customer base and a solid demand for corporate and general customers, sales of Intel leadership products and a surging growth in the emerging computer markets. He further added that looking forward, Intel is very much excited by the next generation processors that will be available in the markets, and these processors which are code named as Sandy Bridge will according to Paul define the future policy of Intel and will help to generate revenues in greater amount in future.
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