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Daily News

Intel Has a Record 1Q
Apr 15, 2010
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Intel Corp. had revenues of US$10.3 billion, operating income of $3.4 billion, and net income of $2.4 billion in the first quarter of 2010. Using a GAAP financial comparison, revenue was up 44% compared to the first quarter of 2009, while operating income was up 433% , and net income was up 288%.

In 2Q Intel expects revenue to be $10.2 billion (plus or minus $400 million; not including divestitures or acquisitions).

"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. "These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel’s best first quarter ever. 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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