Intel Q1 beats analyst predictions - PC Retail

Intel Q1 beats analyst predictions

Revenue up nine per cent year-on-year
Author:
Publish date:
Social count:
0
7_CPW_InStore_CouchLaptop.jpg

Intel has beaten analyst expectations for its first quarter of trading, announcing revenue of $9.7 billion (£4.9 billion), up nine per cent on 2007.

According to the company, profits for the first quarter reached $1.4 billion (£708 million) – in line with the company's projections.

Much of the revenue and growth was generated by its PC and server operations, with growth in the firm's direct sales of server equipment to Amazon and Google for their cloud computing services driving much of the demand.

"Our first quarter results demonstrate a strengthening core business and a solid global market environment," commented Intel president and CEO Paul Otellini.

He added that the company is expecting laptop processors to overtake sales of desktops by the end of this year, 12 months ahead of what the firm had originally anticipated; Otellni citing the rise of sub-notebooks for the revision.

Intel's business division Digital Enterprise Group saw growth of 16 per cent on the same time last year, while its Mobility Group saw revenue grow by 12 per cent on 2007's figures.

Otellni added that he expects Intel to see revenue during the traditionally quiet second quarter hit between $9 billion (£4.6 billion) and $9.6 billion (£4.9 billion).

Related