Intel's Americas revenues increase 33.8% in Q2 to US$2.91bn

Thursday, July 21, 2011

US chip manufacturer Intel saw US$2.91bn in revenues in the Americas during the second quarter of 2011, a 33.8% increase year-over-year, according to a company statement.

Globally, the company posted US$2.95bn in net profits for the quarter, up 2.3%. For the six months ended July 2, net income increased 14.7% to US$6.11bn.

Intel's revenues for the quarter reached US$13.0bn, up 21.0% compared to 2Q10, while revenues for the first half of the year jumped 22.8% to US$25.9bn.

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"We achieved a significant new milestone in the second quarter, surpassing US$13bn in revenue for the first time," Intel president and CEO Paul Otellini said. "Strong corporate demand... the surge of mobile devices and internet traffic fueling data center growth, and the rapid rise of computing in emerging markets drove record results."

Intel predicts 3Q11 revenues of some US$14bn and annual revenue growth in the mid-20% range.

Follow this link for the full financial statement.