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Intel's quarterly profits are up 43 per cent
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Intel profits up 43 per cent

Record processor sales help to boost income to almost $2bn (£1bn)

Neon Kelly, Computing 17 Oct 2007
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Intel's net income rocketed 43 per cent to $1.9bn (£934m) in the third quarter, up 43 per cent on last year.

Operating income shot up 64 per cent to $2.2bn (£1.1bn) while sales for the period reached $10.1bn (£4.97bn), a 15 per cent rise.

The chip giant's results were boosted by record sales of microprocessors. Revenue from the company's mobility and digital enterprise group rose 14 per cent, while sales of chipsets and related products jumped 19 per cent.

"We are very pleased with the results and optimistic about our business,” said chief executive Paul Otellini.

Intel now forecasts revenue of between $10.5bn (£5.2bn) and $11.1bn (£5.5bn) for the fourth quarter of 2007.

See also:

IntelSimpler brand selection for business and consumers, claims chip firm  05 Oct 2007
IntelChip giant launches Less Watts programme  21 Sep 2007
Intel logoChip giant reveals all next generation processors will be free of lead  22 May 2007
The chip giant is taking a multi-faceted approach to limiting its environmental impact  26 Feb 2007

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Tags: Strategy

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