Intel Reports 'Best First Quarter Ever'

Wednesday Apr 14th 2010 by Staff

The chip maker's quarterly income was up 288 percent compared to last year.

PCWorld: For the quarter ending March 27, Intel reported net income of $2.4 billion. Those figures beat Wall Street expectations and represent a 288 percent increase versus first quarter of 2009. Total revenue hit $10.3 billion, for a 44 percent year-over-year increase.

"The investments we're making in leading edge technology are delivering the most compelling product line-up in our history," said Intel president and CEO Paul Otellini. "Looking forward, we're optimistic about our business as Intel products are designed into a variety of new and exciting segments."

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