Intel reports record high quarterly earnings   2010-07-14 06:12:04 FeedbackPrintRSS

SAN FRANCISCO, July 13 (Xinhua) -- Chip giant Intel Corp. on Tuesday reported a record high second-quarter net income of 2.9 billion U.S. dollars, and topped analysts' projections with its third-quarter forecast.

Intel reported second-quarter revenue of 10.8 billion dollars, up 34 percent year-over-year, operation income of 4 billion, and net income of 2.9 billion (51 cents per share), the Santa Clara, California-based company said in its press release.

In the same period last year, the chipmaker reported a loss of 398 million dollars in the net quarterly income when it paid a 1.4- billion-dollar fine imposed by the European Union.

"Strong demand from corporate customers for our most advanced microprocessors helped Intel achieve the best quarter in the company's 42-year history," said Paul Otellini, Intel president and CEO, in the press release.

The company also made a revenue forecast of 11.2 billion to 12 billion dollars for the third-quarter, exceeding a projection of 10.9 billion dollars on average in a Bloomberg survey.

"Our process technology lead plus compelling architectural designs increasingly differentiate Intel-based products in the marketplace. The PC and server segments are healthy and the demand for leading-edge technology will continue to increase for the foreseeable future," Otellini said.

Editor: yan
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