Intel Posts Better Than Expected First Quarter Numbers

April 20th, 2011 at 12:36 pm
 


It seems that many tech companies have reported good first quarter financial reports of late. One of the recent ones to do so is Intel, the world’s leading chip maker. The first quarter numbers Intel reported was even better than what the company has expected, which may be quite a positive lead off for the rest of the year.

Intel recently reported what it deems as its best quarter to date. The leading chip maker posted gross revenues at $12.8 billion for the first quarter, beating their previous best of $11.6 billion, which was only made last quarter. It seems that Intel may be on its way to topping their revenue records quarter by quarter.

In the same period last year, Intel was able to post $10.3 billion in sales for a net profit of $2.4 billion. This year’s first quarter net profit stands at a cool $3.2 billion, which accounts for a 29 percent increase from the first quarter of last year. Aside from substantial increases in overall sales across all of its market segments, the recent acquisition of McAfee and Infinion may also have driven the company to post another record quarter.

The record first quarter has upped Intel’s second quarter revenue forecast to $12.4 billion, give or take half a billion. Although it might not be that impossible, Intel may just see another record quarter about to come up if things still run as smoothly as they currently are. But is is quite a good start for the world’s leading chip maker, who may even be on its way to enjoying a record year, as what some other tech giants may be expecting somehow of late.

 

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