Intel: Sales of Xeon Boosted Earnings in Q1

Enterprise Strength and New Products Drive Record Intel Results

by Anton Shilov
04/19/2011 | 06:52 PM

Intel Corp. on Tuesday reported record earnings. The company earned more that the general info-technology  market, based on the information from IDC or Gartner market tracking agencies. It occurs because sales of enterprise-class-central processing units (CPUs) increased by almost a third.

 

“The first-quarter revenue was an all-time record for Intel fueled by double digit annual revenue growth in every major product segment and across all geographies. These outstanding results, combined with our guidance for the second quarter, position us to achieve greater than 20 percent annual revenue growth, said Paul Otellini, Intel president and chief executive officer.

Intel indicated that server group got revenue up 32%, other Intel architecture group revenue up 70%, and Intel Atom microprocessor and chipset revenue of $370 million up 4%, all year-over-

Intel reported record Q1 revenue $12.9 billion, operating income was $4.3 billion, net income was $3.3 billion, and EPS was 59 cents. On a GAAP basis, the company reported first-quarter revenue of $12.8 billion, operating income of $4.2 billion, net income of $3.2 billion, and EPS of 56 cents.

The company generated approximately $4.0 billion in cash from operations, paid cash dividends of $994 million, and used $4.0 billion to repurchase 189 million shares of common stock.