Intel doubles earnings in Q2
Omega65
Philadelphia, Pa
The Register: Intel doubles earnings in Q2
Intel saw both revenue and income rise in its second quarter, as processor sales came in better than expected.
It's 35 years to the day since Intel first opened its doors, and the company shows no signs of slowing just yet. Intel pulled in $6.8 billion in revenue for the quarter ended June 28. This marks an eight per cent rise over the $6.32 billion generated in the same period one year ago.
Income came in a whopping 101 per cent higher year-on-year. Intel posted $896 million in net income compared to $446 million in last year's Q2.
For the third quarter, Intel is predicting revenue to come in between $6.9 billion and $7.5 billion, with a boost coming from improved gross margins.
Intel has also upped its research and development budget for 2003, saying it plans to spend $4.2 billion instead of $4.0 billion.
Intel shares edged slightly higher during Tuesday's trading to a close of $24.10.
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The Juggernaut continues to roll......
Intel saw both revenue and income rise in its second quarter, as processor sales came in better than expected.
It's 35 years to the day since Intel first opened its doors, and the company shows no signs of slowing just yet. Intel pulled in $6.8 billion in revenue for the quarter ended June 28. This marks an eight per cent rise over the $6.32 billion generated in the same period one year ago.
Income came in a whopping 101 per cent higher year-on-year. Intel posted $896 million in net income compared to $446 million in last year's Q2.
For the third quarter, Intel is predicting revenue to come in between $6.9 billion and $7.5 billion, with a boost coming from improved gross margins.
Intel has also upped its research and development budget for 2003, saying it plans to spend $4.2 billion instead of $4.0 billion.
Intel shares edged slightly higher during Tuesday's trading to a close of $24.10.
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The Juggernaut continues to roll......
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Comments
Now to get it through their thick skulls that we hate P4s and want them to develop a desktop version of the Pentium-m (AKA Banias AKA the CPU inside the Centrino package.)
~FA
/me immitates Homer Simpson's drooling noise...
~FA