Expects revenue to be between $12.8bn and $13.3bn in Q2
Intel has reported a revenue of $12.8bn for the first quarter of 2011, an increase of 25% compared to $10.2bn for the same period last year. Revenue was up 12% sequentially.
The company posted an operating income of $4.2bn, up 21% compared to $3.5bn for the same period last year.
Net income for the quarter was $3.2bn, an increase of 29% compared to the same period a year ago.
PC client group revenue was up 17%, data centre group revenue was up 32%, other Intel architecture group revenue was up 70%, and Intel Atom microprocessor and chipset revenue of $370m was up 4%, all year-over-year figures.
Intel president and CEO Paul Otellini said 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% annual revenue growth," Otellini said.
Looking ahead, the company anticipates revenue to be $12.8bn, plus or minus $500m, and a gross margin of 61%, plus or minus a couple percentage points for the second quarter of 2011.
For full year 2011, the gross margin of the company is expected to be around 63%.