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Intel's second-quarter earnings exceeded expectations, though the gain in profit was modest.
The chipmaker today reported a second-quarter profit of $2.95 billion, or 54 cents a share, beating last year's profit of $2.89 billion, or 51 cents a share.
Data center group revenue was strong and demand for servers was similarly strong, said Chief Executive Paul Otellini.
Revenue was $13 billion, up from $10.8 billion in the year-earlier period. This beat expectations. Financial analysts had forecast revenue to increase to $12.84 billion.
In the current quarter, revenue of $14.1 billion is expected, plus or minus $500 million.
"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," Otellini said in a statement.
Earnings highlights:
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The chipmaker today reported a second-quarter profit of $2.95 billion, or 54 cents a share, beating last year's profit of $2.89 billion, or 51 cents a share.
Data center group revenue was strong and demand for servers was similarly strong, said Chief Executive Paul Otellini.
Revenue was $13 billion, up from $10.8 billion in the year-earlier period. This beat expectations. Financial analysts had forecast revenue to increase to $12.84 billion.
In the current quarter, revenue of $14.1 billion is expected, plus or minus $500 million.
"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," Otellini said in a statement.
Earnings highlights:
- PC Client Group revenue up 11 percent year over year.
- Data Center Group revenue up 15 percent year over year.
- Intel Atom microprocessor and chipset revenue of $352 million, down 15 percent year over year.
- Other Intel architecture group revenue up 84 percent year over year.
- Embedded & Communications Group revenue up 25 percent year over year.
- Platform average selling price (ASP) was flat sequentially and up year over year.
- Gross margin was 61 percent, consistent with the company's expectation.
- McAfee and Infineon Wireless Solutions contributed revenue of $1.0 billion.
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