Intel sales rise on record microprocessor shipments

Intel revenue rises on record microprocessor shipments.
  • (IDG News Service)
  • — 24 October, 2007 08:03

A spike in the number of microprocessor units shipped has helped Intel record an increase in its third-quarter revenue and income, according to the company.

Intel reported third-quarter revenue of $US10.1 billion, a 15 per cent increase year-over-year, beating Thomson Financial analyst estimates of $US9.617 billion. The company also recorded net income of $US1.9 billion, a 43 per cent increase year-over-year.

The company recorded $US0.31 in earnings per share, matching analyst estimates.

The strong quarter was a sign that Intel's restructuring efforts were succeeding, president and CEO of Intel, Paul Otellini, said in a conference call. The company saw better operational efficiency by cutting costs and reducing the headcount by 12 per cent from last year's total.

This not an end of the strategy, but part of larger recovery strategy, Intel's newly minted chief administrative officer, Andy Bryant,said. The company was in line to record $2 billion in savings and operational efficiency in 2007, Bryant said.

Its headcount currently stood at 88,000 and was expected to fall to 86,000 by the end of the year, he said.

The results were helped by a healthy global demand for microprocessors and chipsets, which strengthened as the quarter progressed, Otellini said. The number of Intel chipsets shipped went up with mobility and vPro, a hardware and software platform to manage business PCs, Otellini said.

"Notebooks as a generic product type is igniting in markets around the world," Otellini said, adding that Santa Rosa and Centrino were getting wide acceptance as mobile platforms.

Intel shipped more than 2 million quad-core processors during the quarter, the company said.

Though the company's Flash Memory Group had a year-over-year increase in net revenue, it recorded an operating loss of $142 million.

A number of big announcements came during the quarter, which ended September 29. At the Intel Developer Forum in September, the company announced it would ramp up performance and energy efficiency in its microprocessors by using a 32-nanometer process technology starting in 2009, with the Nehalem processors.

It also announced the next generation of vPro processor technology, during the quarter. The company also estimated revenue for the fourth quarter at between $US10.5 billion and $US11.1 billion.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?