Intel Reports Record $11.1 Billion Revenue
Plus a net income of $3 billion!
The chip industry appears to be doing well, as Intel has posted yet another record quarter.
Intel reported that third-quarter revenue exceeded $11 billion for the first time, up 18 percent year-over-year to $11.1 billion. The company reported operating income of $4.1 billion, net income of $3.0 billion and earnings per share of 52 cents.
"Intel's third-quarter results set all-time records for revenue and operating income," said Paul Otellini, Intel president and CEO. "These results were driven by solid demand from corporate customers, sales of our leadership products and continued growth in emerging markets. Looking forward, we continue to see healthy worldwide demand for computing products of all types and are particularly excited about our next-generation processor, codenamed Sandy Bridge, and the many new designs around our Intel Atom processors in everything from the new Google TV products to a wide array of tablets based on Windows, Android and MeeGo operating systems."
PC client as well as data center revenue was up three percent, with both setting records in CPU sales. The Atom, however took a four percent hit, likely due to the slowing demand for netbooks.