Intel Reports $13.1 Billion In Q2 Revenue
Intel Corporation (NASDAQ:INTC) has reported their Q2 revenues and earnings. Revenue for the three months that ended in June increased 22% year over year. Revenue was $13.1 billion. For the third quarter, Intel predicts that their revenue will be between $13.5-$14.5 billion.
“We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time. 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. Intel’s 23 percent 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,” stated Intel CEO Paul Otellini.
[Barrons]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry