Intel reports another quarter of record revenue

21 Jul 2011

Intel, the world’s largest semiconductor chip maker, has reported its fifth consecutive quarter of record revenue, with double-digit revenue growth across all business segments.

On a Non-GAAP basis, revenue was US$13.1bn, operating income was US$4.2bn, net income was US$3.2bn, and EPS was US59 cents. 

On a GAAP basis, the company reported second-quarter revenue of US$13.0bn, operating income of US$3.9bn, net income of US$3.0bn, and EPS of US54 cents.

Intel generated about US$4.0bn in cash from operations, paid cash dividends of US$961m, and used US$2.0bn to repurchase 93m shares of common stock.

“We achieved a significant new milestone in the second quarter, surpassing US$13.0bn 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 23pc 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.”