Intel rakes it in

Chip giant keeps up the good work with 8 per cent YOY revenue growth
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Intel has reported a cool $8.7 billion in second quarter revenue, an 8 per cent increase on Q2 2006. This resulted in a net income of $1.3 billion, which is a jump of 44 per cent. The results include tax items along with restructuring charges of $82 million.

"Intel's operational execution continued to strengthen, resulting in an outstanding product roadmap and solid year-over-year revenue growth," said Intel President and CEO Paul Otellini. "We're pleased that our efforts to streamline the company are delivering profit growth in excess of revenue growth."

Meanwhile Yahoo's revenues were $1,698 million for Q2, also an 8 per cent YOY increase. The comparisons end there, however, as its net income of $161 million was down three mill on Q2 2006.