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Wednesday, July 14, 2010
Intel Reports Best Quarter Ever

Intel today reported second-quarter revenue of $10.8 billion, up 34 percent year-over-year. The company reported operating income of $4.0 billion, net income of $2.9 billion and EPS of 51 cents.

"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. "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."

Intel's PC client Group was up 2% sequentially, wiht record mobile processor revenue. The company's Data Center Group was also up 13% sequentially, with record server microprocessor revenue. Intel's Atom microprocessor and chipset revenue was $413 million, up 16% sequentially.

To read the complete earnings release, click here.

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