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Intel Q2 Revenue Hits $10.8B

7/14/2010 02:08:14 PM Eastern

Santa Clara, Calif. - Intel reported a second-quarter net income
revenue of $2.9 billion on sales of $10.8 billion.

Intel cited strong corporate PC purchases as the primary factor
for the strong quarter as its customers are starting an equipment-refresh
cycle.

"Strong demand from corporate customers for our most advanced
microprocessors helped Intel achieve the best quarter in the company's 42-year
history," said Paul Ottellini, Intel's president and CEO.

Revenue for the quarter, which ended June 30, was up 34 percent
compared with the same quarter in 2009. Operating income was $4 billion.

Sales of Intel's Atom processors and chipsets, used in smaller
portable devices, were $413 million, up 16 percent, for the quarter. Mobile
processor sales overall were at a record pace during the quarter, the company reported.

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