Intel reports fifth record quarter
Revenue up 21% to $13 billion, net income reaches $3 billion
Intel has posted its fifth consecutive quarter of record revenue, with double-digit revenue growth across all business segments.
The company reported second quarter GAAP revenue of $13 billion up 21% from the same quarter last year.
Operating income was down 1% to $3.9 billion , although net income of $3 billion, marked a 2% rise.
The company saw strong growth across all sectors, apart from Intel Atom processors and chipsets, where revenue was down 15% to $352 million.
Intel's PC Client Group revenue was up 11% year-over-year, Data Center Group revenue was up 15% year-over-year, with other Intel architecture group revenue up 84% year-over-year, including Embedded & Communications Group revenue up 25% year-over-year.
Revenue from McAfee Inc. and Infineon Wireless Solutions (now Intel Mobile Communications) was $1 billion, in their first full-quarter of results.
"We achieved a significant new milestone in the second quarter, surpassing $13 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 fuelling data centre growth, and the rapid rise of computing in emerging markets drove record results. Intel's 23% 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."