Expects revenue to be in the range of $9.8bn and $10.6bn
Intel has reported a revenue of $10.3bn for the first quarter of 2009, an increase of 44% compared to $7.14bn for the same period last year. Revenue was down 3% sequentially.
The company has posted an operating income of $3.4bn, up 433% compared to $647m for the same period last year. Net income for the quarter was $2.4bn, an increase of 288% compared to $629m for the same period a year ago.
PC client group revenue remained flat with record mobile microprocessor revenue, data centre group revenue was down by 8%, other Intel architecture group revenue was down 9%, and Intel Atom microprocesser and chipset revenue was down by 19% to $355m, all sequentially.
Geographically, Asia-Pacific revenue increased to $5.9bn from $3.6bn, Americas revenue rose to $1.9bn from $1.5bn, Europe revenue increased to $1.4bn from $1.27bn while Japan region revenue was $1.1bn compared to $715m in the same period a year ago.
Paul Otellini, president and CEO of Intel, said: The investments we’re making in leading edge technology are delivering the most compelling product line-up in our history.
These leadership products combined with growing worldwide demand and continued outstanding execution resulted in Intel’s best first quarter ever. Looking forward, we’re optimistic about our business as Intel products are designed into a variety of new and exciting segments.
Looking ahead, the company anticipates revenue to be $10.2bn, plus or minus $400m, and a gross margin of 64%, plus or minus a couple percentage points for the second quarter of 2010. For full year 2010, the gross margin of the company is expected to be 64%, plus or minus a couple percentage points.