Intel reaps Q1 revenue of US$12.9bn

18 Apr 2012

Semiconductor chip maker Intel reported quarterly revenue of US$12.9bn, up from US$12.85bn from the same period last year.

Intel’s net income in the first quarter amounted to US$2.7bn, down from US$3.16bn in the year-ago period. The company’s operating income hit US$3.8bn, and earnings per share totalled US$0.53.

Intel generated paid dividends of US$1.0bn and used US$1.5bn to repurchase stock.

“The first quarter was a solid start to what’s expected to be another growth year for Intel,” said Paul Otellini, Intel president and CEO.

“In the second quarter, we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.”