Intel Profits $2.8 Billion in Q2 Earnings Report

July 18th, 2012 at 4:09 pm
 


Intel is now enjoying quite a good year so far and is showing signs of getting even better. There’s nothing more than its recent earnings report to show for it. In the said report for the second quarter of the fiscal year 2012, the giant chip maker pocketed a $2.8 billion profit.

The recent Q2 profits were based on the gross income of $13.5 billion made by Intel, which was up from the $12.9 billion earned from the first quarter. It also signified a 5 percent year over year increase. The $2.8 billion profit is up 3 percent from the same period last year.

But despite the 2nd quarter earnings, Intel is not really having a record year yet. Although the profits do show a relative improvement from that of last year, the numbers still fall short of its growth expectations for this year. And so, while growth is still to be expected for the remainder of the year, it is not as fast as was previously thought. Forecasts by the company are now expecting growth at a slower rate than what was first expected.

But still there is still something that Intel looks forward to that may further improve its bottom line. The sales figures show that its Data Center Division has enjoyed a 14 percent increase in revenues, giving Intel something to really smile about. Its new lines of processors are also showing better results as more sales are expected and production is being ramped up. The next processors will also be running the upcoming Windows 8 tablets which will further help generate more revenues for the company.

 

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