Intel's Q1 boosted by enterprise strength, new products

McAfee and Infineon Wireless contributed to Intel's Q1 revenue and profit growth.

Intel reported growth in revenue and income for the first quarter of 2011, driven by the addition of new products and strength in the enterprise market.

The company reported net income of US$3.2 billion on a GAAP (generally accepted accounting principles) basis for the quarter ended on April 2, up 29 percent compared to the same quarter a year ago. The company reported earnings per share of $0.56.

Intel reported revenue of $12.8 billion for the first quarter, growing by 25 percent compared to year-ago quarter. Analysts polled by Thomson Reuters estimated revenue to be $11.6 billion.

Intel earlier this year completed the acquisitions of security company McAfee and Infineon's wireless division, which contributed around $500 million to the first-quarter revenue, said Stacy Smith, Intel's chief financial officer, in a statement. The company announced new Sandy Bridge processors, and also fixed the Cougar Point chipset design issue associated with new processors without any revenue impact.

The chip maker on Jan. 31 had said it expected the chipset design error to reduce revenue by approximately $300 million during the first quarter.

Revenue for the Intel Architecture Group during the quarter was $12.2 billion, which was up 23 percent year-over-year. Revenue for the PC Client Group, which offers laptop and desktop chips, was $8.6 billion, up 17 percent year-over-year. Revenue for the Data Center Group, which offers products for servers, storage and workstations, was $2.5 billion, up 32 percent year-over-year.

The company projects second-quarter revenue to be around $12.8 billion, plus or minus $500 million.

Join the newsletter!

Or
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesintelfinancial results

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

Agam Shah

IDG News Service
Show Comments

Essentials

Mobile

Exec

Budget

Back To Business Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?