Menu
Strong PC demand lifts Intel's Q2 results

Strong PC demand lifts Intel's Q2 results

Intel recorded solid increases in revenue and net income in the second quarter as PC shipments grew faster than industry expectations.

Intel has ridden a wave of stronger-than-expected PC demand to post a solid increase in second-quarter revenue and net income.

Revenue was $US9.2 billion, up 15 per cent from last year and in line with analyst expectations as polled by Thomson First Call and with the company's midquarter update guidance in June. Net income was $US2 billion, up 16 per cent from last year. Earnings per share were $US0.33, slightly ahead of analyst expectations of $US0.32.

Notebook processors were in strong demand during the quarter, Intel said in a press release.

The company planned to boost its capital spending for the year to support higher demand for its products, it said.

Previously, IDC and Gartner reported that second-quarter PC shipments grew much more strongly than either researchers had anticipated based on the continued adoption of notebook PCs and aggressive cost-cutting by PC manufacturers.

Looking ahead to the third quarter, Intel predicted revenue would fall between $US9.6 billion and $US10.2 billion. The third and fourth quarters of a calendar year typically produce Intel's best results.


Follow Us

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.

Featured

Slideshows

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA

Reseller News has honoured the leading female front runners of the New Zealand ICT industry at the 2019 Women in ICT Awards (WIICTA) in Auckland. The awards recognised standout individuals across six categories, spanning Entrepreneur, Rising Star, Shining Star, Community, Technical and Achievement. Photos by Gino Demeer.

Leading female front runners of the Kiwi ICT industry honoured at 2019 WIICTA
Reseller News kicks off awards season in 2019 with Judges' Lunch

Reseller News kicks off awards season in 2019 with Judges' Lunch

The 2019 Reseller News Innovation Awards has kicked off with the Judges Lunch in Auckland with 70 judges in the voting panel. The awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors. Photos by Christine Wong.

Reseller News kicks off awards season in 2019 with Judges' Lunch
Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomes industry figures for 2019 Hall of Fame lunch

Reseller News welcomed 2018 inductees - Chris Simpson, Kendra Ross and Phill Patton - to the third running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing landscape of the technology industry in New Zealand, while outlining ways to attract a new breed of players to the ecosystem. Photos by Gino Demeer.

Reseller News welcomes industry figures for 2019 Hall of Fame lunch
Show Comments