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Intel reports record Q1 revenue

Intel reports record Q1 revenue

Intel's record revenue figures come off the back of a bumpy start to 2011.

Intel has surprised investors and tech industry analysts alike by announcing record Q1 revenue. This comes after the company had to put aside $1 billion to sort out the 6-series chipset flaw, dampening the launch of its new Sandy Bridge processors.

Overall revenue for Q1 rose 25 per cent over the same period last year, reaching $12.8 billion, while net income rose an even higher 29 per cent to $3.2 billion.

Not only has Intel had to sort out the 6-series chipset flaws in this time, but it's also recently spent $7.7 billion in the process of acquiring anti-virus company McAfee and $1.4 billion on buying Infineon's wireless division.

Understandably buoyant, Intel president and CEO Paul Otellini said 'The first-quarter revenue was an all-time record for Intel fuelled 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 per cent annual revenue growth.'

Are you surprised to see that Intel is still mega-profitable? Worried that AMD is falling further behind? Let us know your thoughts in the forums.

11 Comments

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djzic 20th April 2011, 14:00 Quote
:O
TheStockBroker 20th April 2011, 14:08 Quote
I wonder if Intel is hiring in the UK...?
rollo 20th April 2011, 14:24 Quote
Amd are in trouble if there next set Of CPUs can't give intel a run for it's money they have to beat sandybridge and i don't see it happening
Unknownsock 20th April 2011, 14:50 Quote
Reminds me that i still need to sort out my motherboard replacement out!
Wicked_Sludge 20th April 2011, 15:14 Quote
everything ive seen tells me that recalls have little effect on profit for most companies. look at the auto industry. they have more recalls than any other and they still manage to post huge record profits every year. even with fords huge cruise control recall here in the US, they were the only one of the big three that didnt take government handouts when the economy splattered.
Ayrto 20th April 2011, 16:12 Quote
Ironically they need AMD to stay competitive or they're be staring at monopoly and anti trust claims again. At least the chipset fiasco burnt off a bit of money to stop their profits being too embarrassing
schmidtbag 20th April 2011, 17:41 Quote
intel wouldn't be doing nearly as good as they are now if amd released llano and bulldozer several months ago. seriously, i know they're trying to avoid the issue they encountered with the original phenom but this is just annoyingly long.

i don't remember intel buying mcaffee. probably the worst investment i've never heard of - mcaffee is the worst paid antivirus program i know of. so they basically just bought something that completely sucks and is not going to do anything for them at all. why does intel want them anyway? what does it have anything to do with their current products? if they wanted the program to be more Intel-optimized they could have just paid mcaffee for a few additions and changes.
SaNdCrAwLeR 20th April 2011, 18:08 Quote
Quote:
Originally Posted by schmidtbag
intel wouldn't be doing nearly as good as they are now if amd released llano and bulldozer several months ago. seriously, i know they're trying to avoid the issue they encountered with the original phenom but this is just annoyingly long.

i don't remember intel buying mcaffee. probably the worst investment i've never heard of - mcaffee is the worst paid antivirus program i know of. so they basically just bought something that completely sucks and is not going to do anything for them at all. why does intel want them anyway? what does it have anything to do with their current products? if they wanted the program to be more Intel-optimized they could have just paid mcaffee for a few additions and changes.

I recall a news post stating that they were intersted in AV integration with their chips...
echeb 20th April 2011, 18:09 Quote
Quote:
Originally Posted by SaNdCrAwLeR
Quote:
Originally Posted by schmidtbag
intel wouldn't be doing nearly as good as they are now if amd released llano and bulldozer several months ago. seriously, i know they're trying to avoid the issue they encountered with the original phenom but this is just annoyingly long.

i don't remember intel buying mcaffee. probably the worst investment i've never heard of - mcaffee is the worst paid antivirus program i know of. so they basically just bought something that completely sucks and is not going to do anything for them at all. why does intel want them anyway? what does it have anything to do with their current products? if they wanted the program to be more Intel-optimized they could have just paid mcaffee for a few additions and changes.

I recall a news post stating that they were intersted in AV integration with their chips...

yeh, hardware based AV. http://www.bit-tech.net/news/bits/2010/08/20/intel-buys-mcafee/1
schmidtbag 20th April 2011, 18:46 Quote
Quote:
Originally Posted by echeb
yeh, hardware based AV. http://www.bit-tech.net/news/bits/2010/08/20/intel-buys-mcafee/1

ooo right that sounds a lot more familiar now
perplekks45 20th April 2011, 19:46 Quote
20+ per cent annual revenue increase?! HOLY SH**! If you reach the scale Intel is working on anything in double digits is amazing but over 15% is like hitting the jackpot.

Fingers crossed my new employer can do the same & increase revenue to $35bn in 2011. Should make talking about a bigger bonus or better base pay in early 2012 easier. ;)
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