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Intel records $11.1 billion revenue, $3 billion in profits

Intel makes record profits of $3 billion from $11.1 billion in revenue

| Business, Financial & Legal News | Posted: Oct 13, 2010 12:01 am

Intel have recorded another record quarter, raking in $11.1 billion in revenue, with $3 billion of that in profits.

 

TweakTown image news/1/7/17093_64.jpg

 

Supposedly, the record revenue and profits are due to increases in laptop and server chip sales, but Atom doesn't get any of the fan-fare, Atom sales actually dropped by four percent.

 

Other Q3 highlights are:

 

PC Client Group revenue was up 3 percent sequentially, with record mobile microprocessor revenue.

 

Data Center Group revenue was up 3 percent sequentially, with record server microprocessor revenue.

 

Intel Atom microprocessor and chipset revenue of $396 million, down 4 percent sequentially.

 

The average selling price (ASP) for microprocessors was approximately flat sequentially and up significantly year-over-year.

 

Gross margin was 66 percent, consistent with the company's revised expectation of 65 to 67 percent.

 

R&D plus MG&A spending was $3.2 billion, consistent with the company's expectation.

 

The net gain from equity investments and interest and other was $115 million, lower than the company's revised expectation of $175 million.

 

The effective tax rate was 30.5 percent, slightly below the company's expectation of approximately 32 percent.

 

NEWS SOURCES:Engadget.com

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