Intel Q2 Revenue Hits $10.8B - Twice

Intel Q2 Revenue Hits $10.8B

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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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