Intel reported a 15 percent increase in its third-quarter revenues and predicted continued growth in the fourth quarter. The company attributed its performance to growing worldwide demand for its products as well as efficiencies it realized by restructuring. Intel’s forays into the server and mobile spaces should drive future growth, the company predicted.
Bolstered by a 20 percent increase in mobile product revenues, Intel late Tuesday issued a strong third-quarter earnings report that discussed record-level shipments of processors, chipsets and flash memory.
The Santa Clara, Calif., company’s Q3 revenues came in at US$10.1 billion, a 15 percent increase on a yearly basis and a 16 percent uptick when compared with the second quarter. Intel reported operating income of $2.2 billion, net income of $1.9 billion and earnings per share of 31 cents.
Additionally, the veteran chipmaker announced gross margins of 52.4 percent for the quarter. Its Q2 gross margins were 46.9 percent and it said the operating income figure represents a 64 percent increase compared with the third quarter of 2006.
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