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Intel posts $8.9B revenue for Q1

Posted: 24 Apr 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Intel? revenue?

Intel Corp. announced Q1 revenue of $8.9 billion, operating income of $1.7 billion, net income of $1.3 billion and earnings per share (EPS) of 23 cents. Excluding the effects of share-based compensation, the company posted operating income of $2.1 billion, net income of $1.6 billion and EPS of 27 cents.

"We believe PC growth rates have moderated over the course of the past few quarters, leading to slower chip-level inventory reductions at our customers and affecting our revenue in the first half of the year," said Intel president and CEO Paul Otellini.

First-quarter gross margin was 55.1 percent, versus a January expectation of 59 percent, plus or minus a couple of points. Gross margin was impacted by lower microprocessor revenue and higher inventory write-downs. Expenses were $3.2 billion, versus a January expectation of $3.3 billion due to lower revenue- and profit-related spending, according to Intel.

"We made excellent operational progress during the quarter, shipping millions of 65nm dual-core processors, and saw strong market acceptance of the Centrino Duo mobile platform as well as the Viiv platform for the digital home," Otelini added. "We plan to launch new processors based on the Intel Core microarchitecture in the third quarter, giving Intel performance leadership across the server, desktop and mobile segments and setting the stage for a strong second half."




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