Sections

Intel reports flat revenues and profits for Q1

CEO Paul Otellini anticipates strong year as first Intel smartphones emerge

Intel's first quarter financial results slightly exceeded the company's expectations, though year-on-year revenues and profits remained flat.

For the three-moth period ending March 31 Intel posted revenues of $12.9 billion, nearly identical to the prior year's total of $12.85 billion.

The company's net income for the period was $2.7 billion, slightly down year-on-year from $3.2 billion.

"The first quarter was a solid start to what's expected to be another growth year for Intel," said president and CEO Paul Otellini.

"In the second quarter we'll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond."

More stories

Activision Blizzard, EA, Sony, Microsoft included in HRC's 2020 Corporate Equality Index

Multiple gaming companies score 100% on survey of non-discrimination policies, benefits, and LGBTQ support

By Rebekah Valentine

Yoshinori Ono on Street Fighter's road to the Tokyo 2020 Olympics

The Capcom producer discusses the Intel World Open, a tournament that aims to break the barriers to entry for esports

By James Batchelor

Latest comments

Sign in to contribute

Need an account? Register now.