Arab Today, arab today intel reports q1 revenue of 129b
Last Updated : GMT 06:31:25
Arab Today, arab today
Arab Today, arab today

Intel reports Q1 revenue of $12.9b

Arab Today, arab today

Arab Today, arab today Intel reports Q1 revenue of $12.9b

New York - Arabstoday

Top chipmaker Intel Corporation posted earnings confirming the PC industry is alive and said sales would accelerate in the second half (H2) of the year with a powerful new PC processor. Intel has reported quarterly revenue of $12.9 billion, operating income of $3.8 billion, net income of $2.7 billion and EPS of $0.53. The company generated approximately $3.0 billion in cash from operations, paid dividends of $1.0 billion and used $1.5 billion to repurchase stock. “The first quarter was a solid start to what’s expected to be another growth year for Intel,” said Paul Otellini, Intel president and CEO. “In the second quarter we’ll see the first Intel-based smartphones in the market, ship products based on 22nm tri-gate technology in high volume, and accelerate the ramp of our best server product ever, providing a tremendous foundation for growth in 2012 and beyond.” In a first-quarter earnings report that did not inspire investors to push Intel’s recently high-flying stock further, the company also said costs associated with ramping up new production lines would hurt gross margins more than expected. “It’s not that they disappointed, they just didn’t give us the bull case. In previous quarters they blew the numbers out of the water,” said Patrick Wang, an analyst at Evercore Partners. The long-time technology bellwether is ramping up production of its newest PC processor, codenamed Ivy Bridge, which is expected to drive sales later this year and power a new crop of super-thin laptops dubbed ‘ultrabooks’. But the costs of upgrading the factories where the chips are being made is temporarily hurting margins, Chief Financial Officer Stacy Smith told a conference call. That was bad news to Wall Street, which has pushed shares of Intel 17 per cent higher so far this year. “They had strong execution for the most part, and in-line expectations for the PC market. But from a investor standpoint you have a multi-year high stock price, very much priced for perfection. That gross margin guidance, while understandable, was not perfection,” said Cody Acree, an analyst at Williams Financial Group. Intel said non-GAAP gross margins in the second quarter would be 62 per cent, plus or minus 2 per centage points, down from 64 per cent in the first quarter. Intel’s full-year gross margin forecast of 64 per cent was unchanged. Shaky economies in Europe and the United States, a growing consumer preference for tablets, and a recent shortage of hard drives due to flooding in Thailand last year have taken a toll on the PC industry. Demand in China and other emerging economies has helped sustain growth, and CFO Smith said business would pick up more as the industry recovers further from the hard-drive shortage and PC manufacturers replenish low component inventories. “As we ramp Ivy Bridge and people gear up for these really capable ultrabook sales in the last half of the year, you’ll start to see them refilling their pipelines with new products in the back half of this year,” Smith told Reuters. Intel is heavily promoting ultrabooks, which it hopes can stand up to the likes of Apple Inc’s Macbook Air, with some of the technological chic the iPad and other tablets epitomize. Some investors are concerned that expensive components used in them, like solid-state drives, make them too pricey for many consumers. Wang and other analysts speculate Intel may have to sacrifice profit margins on sales of its processors to help make ultrabooks affordable. Intel says manufacturers are finding ways to bring down costs of ultrabooks, and CEO Paul Otellini told analysts on the call he was confident of the chipmaker’s previous prediction the new light-weight PCs would account for 40 per cent of all notebook sales by the end of the year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today intel reports q1 revenue of 129b Arab Today, arab today intel reports q1 revenue of 129b

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens

GMT 06:25 2017 Thursday ,23 February

Bupa Arabia sponsors SMEA forum

GMT 06:11 2017 Thursday ,23 February

Football: Turkish company wins Qatar World Cup contract

GMT 05:46 2017 Thursday ,23 February

SABIC net profits fall in 2016

GMT 21:01 2017 Wednesday ,22 February

Saudi Aramco mulls offering citizens discounted shares
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday