Menu
Intel posts increased profit, sees bright future

Intel posts increased profit, sees bright future

Chip sales in the company's PC and server groups were both up from last year

Intel reported an increase in quarterly profits on Tuesday, brushing off weakness in the consumer market and predicting "healthy worldwide demand for computing products" moving forward.

Intel reported a net profit of US$3 billion for the third quarter ended Sept. 25, up from $1.86 billion in the same period last year. Its quarterly revenue topped $11 billion for the first time, reaching $11.1 billion, up from $9.39 billion a year earlier.

In August Intel lowered its revenue forecast to around $11 billion, citing weak demand for consumer PCs in mature markets. Its results this quarter were driven by "solid demand" from corporate customers, Intel said.

"Looking forward, we continue to see healthy worldwide demand for computing products of all types," Intel CEO Paul Otellini said in a statement.

Microprocessor revenue from the company's PC group was $6.3 billion, up from $5.2 billion the previous year. Microprocessor revenue for its Data Center group, which sells server chips, was $1.85 billion, up from $1.38 billion a year ago, Intel said.

The company is due to release faster and more energy-efficient microprocessors for laptops and desktops in the first quarter next year, based on a new microarchitecture called Sandy Bridge.

Intel also hopes to expand into new markets such as those for tablets and TVs. Logitech and Sony have announced Google TV products that use an Intel Atom chip customized for TVs and set-top boxes. Some devices makers have also designed tablets based on Intel's Atom chips.


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.

Tags business issuesintelfinancial results

Featured

Slideshows

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
Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019

The channel came together for the inaugural Reseller News Emerging Leaders Forum in New Zealand, created to provide a program that identifies, educates and showcases the upcoming talent of the ICT industry. Hosted as a half day event, attendees heard from industry champions as keynoters and panelists talked about future opportunities and leadership paths and joined mentoring sessions with members of the ICT industry Hall of Fame. The forum concluded with 30 Under 30 Tech Awards across areas of Sales, Entrepreneur, Marketing, Management, Technical and Human Resources. Photos by Gino Demeer.

Upcoming tech talent share insights at inaugural Emerging Leaders Forum 2019
Show Comments