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October 19, 2011 12:51 am GMT
Intel has released their Q3 financials, and for the most part it's good news for their investors. Their revenue (GAAP) was a record $14.2bn, up $3.1bn from last year's Q3. Gross margin is down by 2.6%, but net and operating income are both up quite a deal, $3.5bn (16%) and $4.8bn (17%) respectively. Their CFO reports that it was their most profitable quarter ever.The source of this prosperity is, according to intel, "double-digit growth in notebook PCs" and "strength in the data center fueled by the ongoing growth of mobile and cloud computing."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LlUSDwYKH68/
Intels Q3 Results: PC And Cloud Growth, Atom Market Continues To Shrink
Intel has released their Q3 financials, and for the most part it's good news for their investors. Their revenue (GAAP) was a record $14.2bn, up $3.1bn from last year's Q3. Gross margin is down by 2.6%, but net and operating income are both up quite a deal, $3.5bn (16%) and $4.8bn (17%) respectively. Their CFO reports that it was their most profitable quarter ever.The source of this prosperity is, according to intel, "double-digit growth in notebook PCs" and "strength in the data center fueled by the ongoing growth of mobile and cloud computing."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/LlUSDwYKH68/
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