backtop


Print


Gettin' Paid
Intel rakes in billions in Q2 as Atom line takes a beating

Intel is going strong and has been having a banner year. Intel reported its latest quarterly earnings and it marks the fifth consecutive quarter of record-breaking profits.

Intel posted its profit statements this week and the company turned in a record of $13.1 billion in profits, up $2.3 billion from the previous quarter for 22% growth year over year. However, gross margins slid 5.5% to 62% overall likely due to price competition and the cheaper chips being sold in higher amounts.

“We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time,” said Paul Otellini, Intel president and CEO. “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results. Intel’s 23 percent revenue growth in the first half and our increasing confidence in the second half of 2011 position us to grow annual revenue in the mid-20 percent range.”

Intel reported operating income of $4.2 billion, up $221 million year over year for a 6% gain. Intel's net income for the quarter was $3.2 billion, a gain of 10% and $290 million. Key growth areas were PC Client Group revenue, which was up 11% YoY. Data Center Group revenue was up 15% YoY and other Intel Architecture Group revenue like communications and embedded was up 84% YoY.

While embedded system chips and communications grew, Atom microprocessor and chipset shrank significantly with revenue down $352 million or 15% YoY. McAfee and Infineon Wireless Solutions acquisitions contributed $1 billion in revenue in the first full quarter with their results. Intel did note that it lost $4 million on equity investments when it expected a $50 million net gain.

Key Intel partner Microsoft also set records with its earnings this week.





"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)



Latest Headlines
Super Hi- Vision Will Amaze the World
January 16, 2017, 9:53 AM
3 Ryzen Compatible Motherboards
January 12, 2017, 12:01 AM
AMD at CES 2017
January 9, 2017, 12:01 AM
Intel CES 2017
January 7, 2017, 7:00 AM



Most Popular ArticlesSuper Hi- Vision Will Amaze the World
January 16, 2017, 9:53 AM
Samsung Chromebook Plus – Coming in February 2017
January 17, 2017, 12:01 AM
Samsung 2017 Handset’s Updates
January 17, 2017, 12:01 AM
Teclast Tbook X5 Pro - Coming January 23
January 16, 2017, 9:21 AM
Gionee Marathon M5 Plus – China’s Flagship Smartphone
January 15, 2017, 2:02 AM

Latest Blog Posts
Some new News
Saimin Nidarson - Jan 23, 2017, 8:59 AM
What is new?
Saimin Nidarson - Jan 22, 2017, 7:00 AM
News
Saimin Nidarson - Jan 20, 2017, 7:00 AM
News of the World
Saimin Nidarson - Jan 19, 2017, 7:00 AM
Some tips
Saimin Nidarson - Jan 17, 2017, 12:16 AM
News of the Day
DailyTech Staff - Jan 16, 2017, 12:10 PM
Tech News
Saimin Nidarson - Jan 15, 2017, 12:32 AM
Here is Some News
Saimin Nidarson - Jan 14, 2017, 12:39 AM
News around the world
Saimin Nidarson - Jan 12, 2017, 12:01 AM
Rumors and Announcements
Saimin Nidarson - Jan 11, 2017, 12:01 AM
Some news of Day
Saimin Nidarson - Jan 7, 2017, 12:01 AM
News 2017 CES
Saimin Nidarson - Jan 6, 2017, 12:01 AM






botimage
Copyright 2017 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki