Intel reports strong second-quarter earnings

Intel says it's the company's "best quarter" in its 42-year history

Intel on Tuesday reported strong earnings for the second quarter of fiscal 2010, buoyed by strong microprocessor sales in the server segment.

The company reported net income of US$2.9 billion for the quarter ended June 26. That is a turnaround from the $398 million loss that the company reported in the second fiscal quarter of 2009, which was dragged down by charges related to $1.45 billion in fines paid to the European Commission.

Earnings per share were $0.51, beating estimates of $0.43 from analysts polled by Thomson Reuters.

The company reported quarterly revenue of $10.8 billion, up 34 percent compared to the year-ago quarter. Analysts estimated revenue to be around $10.3 billion.

"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 a statement.

Revenue for the Data Center Group, which offers products for servers, storage and workstations, was $2.1 billion, growing from the $1.48 billion reported by the company in the year-ago quarter. The group's microprocessor revenue for the quarter was $1.8 billion.

Revenue for the PC Client Group was $7.84 billion, up from the $6 billion reported in the year-ago quarter. Microprocessor revenue from the group was $6.2 billion.

Intel introduced new server and laptop chips during the quarter. In late May, the chip maker announced a new server chip code-named Knights Ferry that mixes general x86 cores with specialized cores for faster processing of highly parallel scientific and commercial applications.

The company also took a step forward to enter the smartphone and tablet markets. In early May, the company launched Moorestown chips, which are based on the Atom core and are designed to go into smartphones and tablets. The company also launched new Core chips for ultrathin laptops during the quarter.

Intel estimated revenue for the third quarter to be $11.6 billion, plus or minus $400 million.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesintelfinancial resultspc components

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?