Intel's Quarterly Earnings Break Records
Numbers and charts, numbers and charts. It's that time again -- time for earnings! Apple already announced some pretty spectacular numbers in their latest earnings report, and now it's Intel's turn. The company revealed a record $14.3 billion, up $3.2 billion, or 29 percent year-over-year. The gross margin was 64.4 percent, down 1.7 percentage points year-over-year, but the operating income was a record $5.1 billion, up $895 million, 22 percent year-over-year. As for pure, raw net incoming? A record $3.7 billion, up $705 million, or a 24 percent year-over-year uptick.
“Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs,” said Paul Otellini, Intel president and CEO. “We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing.” The full results are in the Via below, but suffice it to say, Intel's not hurting for cash. Now, the real question: what are they going to invest it all in?
“Intel delivered record-setting results again in Q3, surpassing $14 billion in revenue for the first time, driven largely by double-digit unit growth in notebook PCs,” said Paul Otellini, Intel president and CEO. “We also saw continued strength in the data center fueled by the ongoing growth of mobile and cloud computing.” The full results are in the Via below, but suffice it to say, Intel's not hurting for cash. Now, the real question: what are they going to invest it all in?
