Its second quarter results revealed revenues of $13.1 billion – up by over a fifth compared to the same quarter last year. Its gross margin was a staggering 62 percent – although that was down by 5.5 percent, quarter on quarter, year on year.
Its net profit amounted to $3 billion which is an awful lot of zeroes.
CEO Paul Otellini said in a prepared statement: “We achieved a significant new milestone in the second quarter, surpassing $13.0 billion in revenue for the first time.”
He added: “Strong corporate demand for our most advanced technology, the surge of mobile devices and Internet traffic fueling data center (sic) growth, and the rapid rise of computing in emerging markets drove record results. Intel’s 23 percent revenue growth in the first half and our increasing confidence in the second half of 2011 position us to grow annual revenue in the mid-20 percent range.”
Intel bought back quite a few of its shares – to the tune of 93 million shares of common stock.
Is Intel invincible? Discuss.