DV Hardware - bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
October 20, 2017 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 74 people online.

 

Latest Reviews
Jaybird Freedom 2 wireless sport headphones
Ewin Racing Champion gaming chair
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
 

Follow us
RSS
 

Intel reports fifth consecutive record quarter

Posted on Thursday, July 21 2011 @ 23:08:13 CEST by


Intel announced another record quarter, with revenue of $13.1 billion, up 22 percent year-over-year, and net income of $3.2 billion, a 10 percent year-over-year increase.
Intel Corporation today reported its fifth consecutive quarter of record revenue, with double-digit revenue growth across all business segments.

On a Non-GAAP basis, revenue was $13.1 billion, operating income was $4.2 billion, net income was $3.2 billion, and EPS was 59 cents. On a GAAP basis, the company reported second-quarter revenue of $13.0 billion, operating income of $3.9 billion, net income of $3.0 billion, and EPS of 54 cents.

The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $961 million, and used $2.0 billion to repurchase 93 million shares of common stock.

“We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time,” said Paul Otellini, Intel president and CEO. “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results. Intel’s 23 percent revenue growth in the first half and our increasing confidence in the second half of 2011 position us to grow annual revenue in the mid-20 percent range.”

Q2 2011 Key Financial Information (GAAP)

Business unit trends:
PC Client Group revenue up 11 percent year-over-year.
Data Center Group revenue up 15 percent year-over-year.
Other Intel architecture group revenue up 84 percent year-over-year, including Embedded & Communications Group revenue up 25 percent year-over-year.
Intel® Atom™ microprocessor and chipset revenue of $352 million, down 15 percent year-over-year.
The acquisitions of McAfee Inc. and Infineon Wireless Solutions (now Intel Mobile Communications) contributed revenue of $1.0 billion in their first full-quarter of results. The platform average selling price (ASP) was approximately flat sequentially and up year-over-year.
Gross margin was 61 percent, consistent with the company’s expectation.
R&D plus MG&A spending was $3.9 billion, consistent with the company’s expectation.
Net loss of $4 million from equity investments and interest and other, versus the company’s expectation of a $50 million net gain.
The effective tax rate was 25 percent, below the company’s expectation of 29 percent.
The company used $2.0 billion to repurchase 93 million shares of common stock.
The second quarter of 2011 had 13 weeks of business, while the first quarter of 2011 had 14 weeks.

Business Outlook
Intel’s Business Outlook does not include the potential impact of any mergers, acquisitions, divestitures or other business combinations that may be completed after July 20.

Q3 2011 (GAAP, unless otherwise stated)
Revenue: $14.0 billion, plus or minus $500 million.
Non-GAAP revenue: $14.1 billion, plus or minus $500 million, excluding certain acquisition-related accounting impacts.
Gross margin percentage: 64 percent, plus or minus a couple percentage points.
Non-GAAP gross margin percentage: 65 percent plus or minus a couple percentage points, excluding certain accounting impacts and expenses related to acquisitions.
R&D plus MG&A spending: approximately $4.3 billion.
Amortization of acquisition-related intangibles: approximately $75 million.
Impact of equity investments and interest and other: gain of approximately $100 million.
Depreciation: approximately $1.3 billion.
Full-Year 2011 (GAAP, unless otherwise stated)

Gross margin percentage: 63 percent, plus or minus a couple percentage points, unchanged.
Non-GAAP gross margin percentage: 64 percent, plus or minus a couple percentage points, excluding certain accounting impacts and expenses related to acquisitions, unchanged.
Spending (R&D plus MG&A): $16.2 billion, plus or minus $200 million, up from the company’s previous expectation of $15.7 billion, plus or minus $200 million.
Amortization of acquisition-related intangibles: approximately $260 million, unchanged.
Tax rate: approximately 28 percent for the third and fourth quarters, below the company’s previous expectation of 29 percent.
Depreciation: $5.2 billion, plus or minus $100 million, up from the company’s previous expectation of $5.0 billion, plus or minus $100 million.
Capital spending: $10.5 billion, plus or minus $400 million, up from the company’s previous expectation of $10.2 billion, plus or minus $400 million.
2011 will have 53 weeks of business versus the typical 52 weeks.




 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2017 DM Media Group bvba