Intel beats forecasts
| Rudolph Muller | July 16, 2008 | No comments |
Rudolph Muller
Rudolph Muller is the editor at MyBroadband and covers telecoms and broadband news. Rudolph comes from an academic background, but left the University of...
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Intel Corp. said on Tuesday its second-quarter profit rose 25% from a year ago to $1.6 billion as the world's biggest computer chipmaker shook off economic headwinds.
The profit amounted to 28c per share, better than the consensus Wall Street estimate of 25c.
The California-based company said revenue rose nine percent to a record $9.5 billion.
"Intel had another strong quarter with revenue at the high end of expectations and earnings up substantially year over year," said Paul Otellini, Intel president and chief executive.
"As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe."
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